Doing so would obviously help both North and South.  It would also promote peace and prosperity throughout East Asia and the Pacific. In this way, a region that is likely to grow even more important economically may finally be able to fully enjoy the end of the Cold War.

Doug Bandow is a senior fellow at the Cato Institute and co-editor of The U.S.-South Korean Alliance: Time for a Change, forthcoming from Transaction.  He formerly served as a special assistant for policy development to President Reagan.