1. Implications from International Experiences of Reunification: Lessons from Vietnam’s Experience
David Dollar
Senior Fellow, Brookings Institution
Seminar on Korean Reunification: Prospect and Global Implications
February 2017
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2. Implications from International Experiences of Reunification
North-South gap in Korea is unprecedented
Vietnam provides some lessons
Challenges of macroeconomic stability
Importance of realistic currency value
Benefits of foreign investment and aid
Economic reform in DPRK is key

3. Characteristics of China, DPRK, ROK and Vietnam

4. (Log Scale)
Figure 3.1

6. Vietnam’s inflation, GDP deflator, 1990-2014 (percent per year)

7. Growth rate of money, M2, 1996-2014 (percent per year)

8. Vietnam, deposit interest rates and CPI inflation 1993-2014

9. Vietnam’s real effective exchange rate,1989-2013

10. Vietnam: FDI liabilities and Net Foreign Assets 1995-2011

11. Implications from International Experiences of Reunification
North-South gap is unprecedented
Vietnam provides some lessons
Challenges of macroeconomic stability
Importance of realistic currency value
Benefits of foreign investment and aid
Economic reform in DPRK is key