Economy+after+Reunification+DH


 * Economic status after the Reunificaiton

First Step to Economic Unification:** -East Germans started to use West Germany's money unit, the deutsche mark.


 * Comparison:**

Good thing about East
 * Low labor cost

Good thing about West - **Connection:** This is actually what some Korean supporting Unification like to say. They hope to even out North Korea's rich resource and cheap labor cost with South Korea's high technology and trading ability (international popularity).
 * Qualified goods
 * Stable industry
 * Trustable trading partners.


 * Status

East German's economy was very slow in recovery. **
 * Despite the cheap labor cost, low employment rate
 * East Germany's agriculture was poor.

Many good things were introduced to East
 * Telecommunication improved with help from West.
 * Equipments for agriculture were introduced by West.

West has spend a lot to recover reunified Germany's economy.

- **Connection**: This point is, in fact, what Korean opponents of Unification argue with. They are worried that unification will bring too much burden to South since it is like re-building a new nation from beginning. Also, many say North's resource would not be that valuable.

Even now, there are economic gaps between East German and West German. Often companies are reluctant to hire East Germans, highly prejudicial.


 * -Question to think about**: Would South Korean accept and welcome North Koreans? What are some factors that might keep South Koreans away from liking North Koreans? (Answer on the bottom)


 * -A**: Most would not like N. Koreans. Especially, South's working class and laborers wouldn't like the North Koreans because employers would prefer cheaper North Koreans over relatively fastidious and more expensive South Korean workers. This can be seen and proven if we look back on U.S history; When slaves were about to get freed, whites who showed more disapproval was those whose jobs were in danger. They were worried that slaves, who are more laborious and cheaper, might replace their job.