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Suppose the North and South Korean leaders agree to unite the two countries in 2021, and they plan to restructure the new Korean economy under
Suppose the North and South Korean leaders agree to unite the two countries in 2021, and they plan to restructure the new Korean economy under market capitalism. Given that you now know a bit about transition economics, the economic ministers of both countries ask for your advice. Based on your studies, what are the first three biggest problems the leaders must solve to ease the transition of the North Korean and South Korean economies toward a unified economy under market capitalism?
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