ABSTRACT
This chapter examines whether the conditions in North Korea really make the situation hopeless, or whether there still is room to maneuver. With the end of the Cold War, North Korea lost an important economic relationship with the USSR and China. There are some signs that opportunity still exists in relation to resolving the North Korea crisis. The chapter suggests certain essential steps the governments and the business community should take to help prevent a messy situation in the Korean peninsula. It then presents both the United States and South Korean governments to agree quickly upon a strategy in dealing with North Korea. Low expectations by the international business community of North Korea's willingness and ability to change can actually turn out to be an advantage. A strong South Korean economy that operates in accordance with the international standards of free-market competition will be needed to help finance unification.
