Korea as Commons. Where is the Peninsula heading in the Political, Economic and Cultural Senses
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Could an emergent North Korea provide the world with a new, from-scratch benchmark of sustainable, collaborative economic and social development? With geopolitical change and emerging technologies, the idea of a national “commons” now looks increasingly feasible.
Relations between North and South Korea are changing so rapidly, the pressing question is no longer what the next step in this process of reconciliation will be, but rather where the peninsula is heading in the political, economic and cultural senses.
A door is opening for the institutional transformation of the “Hermit Kingdom” with new concepts and technologies. The implementation of new approaches to government and the building of new infrastructure could make North Korea an inspiring experiment that other nations can model.
However, amid promising developments on the Korean Peninsula, media report that multinationals are planning to establish an extractive economy that will generate quick wealth from the exploitation of North Korea’s rich mineral resources and cheap labor.
The profits will not benefit impoverished North Koreans, but rather international investors. This suggests that Wall Street, or its Japanese or Chinese equivalents, will develop North Korea’s economy according to the blueprint offered by postwar Iraq.