Korea -- afterall, they are all Koreans. As it is, they rely on selling missiles to countries like Pakistan, worsening the Pakistani confrontation with India, and creating headaches for the US and other countries. This book examines this geopolitical hot spot. It analyzes the missile and nuclear issue, the famine, and the financial crisis in South Korea. It then considers three scenarios for the future of the Korean peninsula. The economics can get a bit heavy going, but it is not difficult to follow the thread of the argument. This book is particularly good on the issue of how developments in the North could affect political and economic developments in the South. It would behoove President Bush and his advisors to read this book. This book is a delight - the author combines serious economic and political analysis with rich knowledge of institutions and history on the Korean peninsula. Moreover, he knows how to write. He makes sophisticated arguments seem easy. For readers concerned with the future of South and North Korea, this is essential reading. The book consists of a thorough overview of the current situation on the peninsula with a brief but insightful review of the historical processes that have brought us to this point. It distills in a accessible manner the vital insights from the author's formal models of the Korean economy. Most importantly, it weaves all of these different viewpoints into a coherent and persuasive story.