Let us assume that situation of North Korea is quite similar to that of East Germany just before the fall of the Berlin Wall. Suppose that a new government led by moderate pragmatists emerged in North Korea. South and North Korean governments began high-level talk to discuss stabilization of North Korea and eventual reunification of two Koreas. If you were the South Korean top policy-maker, what are your economic policies for reunification? Use the experience of German unification to prevent the collapse of North Korean industry and the economic and social division after the reunification.
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