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A new model of Korean unification

This past Friday I had the pleasure of participating in a conference on Korean unification held at the Australian National University. The highlight of the conference was the presentation of a new model of Korean unification by Warwick McKibbin, Jong Wha Lee, and Larry Weifeng Liu. The authors are still tweaking the model and I do not believe that any formal paper yet exists, but I think that this work constitutes the most significant new modeling on this topic in a number of years. The model is

Source: Peterson Institute (PIIE)