Financing for Regional Economic Integration for Northeast Asia

245 Pages Posted: 26 Apr 2017

See all articles by Wook Chae

Wook Chae

Korea Institute for International Economic Policy

Lee-Jay Cho

Northeast Asia Economic Forum

Eiji Ogawa

Hitotsubashi University; Research Institute of Economy, Trade and Industry (RIETI)

Chang-Jae Lee

Korea Institute for International Economic Policy

Chung Lee

University of Hawaii - College of Social Sciences

Jung Duk Lim

Pusan National University

Joon-Kyung Kim

KDI School of Public Policy and Management

Pavel Minakir

Korea Institute for International Economic Policy

Jiadong Tong

Independent

John Tichotsky

Independent

Arlon Tussing

Independent

Hiroshi Watanabe

Japan Bank for International Cooperation (JBIC)

Shuzu Wang

Research Center for Financial Cooperation in Northeast Asia

Chiba Yasuhiro

Northeast Asian Studies & Exchange Network

Yamamoto Takashi

Akita International University

Xiaoyan Zhang

Research Center for Financial Cooperation in Northeast Asia

Ma Junlu

Nankai University

Stanley Katz

Independent

Date Written: June 10, 2010

Abstract

The Northeast Asian region includes the major players China, Japan, and Korea, with productive linkages to resource-rich Russia and to the United States and is one of the most dynamic economic regions in the world. In contrast to the region’s robust economic growth, regional security has long been fragile, mainly due to the geopolitical conditions resulting from the Cold War era. If the countries in Northeast Asia wish to further their development and prosperity, they will have to learn to harness their dynamic economies and create a region in which peaceful coexistence and common prosperity prevail. Northeast Asia has a northern subregion that includes North Korea, Mongolia, the Russian Far East, and the northeastern provinces of China—an area that is well-endowed with latent natural and human resources. This subregion has the potential of becoming an important source of natural resources for the entire region, and what is needed is to realize that potential through infrastructure investment. Energy security and environment is for example, an important area of cooperation, as the three major countries are heavily dependent on energy imports and are highly vulnerable to energy crisis in the event of an interruption -- especially in the case of oil, natural gas and minerals imports. Financing requirements for this investment are likely to be large, and a regional development bank is a key in meeting that financing need. This volume presents the results of the project implemented in 2009 on financial cooperation in Northeast Asia aimed at supporting the establishment of a regional institution for financing infrastructure investment. This volume is comprised of papers, research reports and summaries of a main conference and several specialized meetings, as well as affiliated activities, that took place under this project. The results of this project represent a considerable benefit to the region and have been carried out in a spirit of cooperation that we esteem.

Suggested Citation

Chae, Wook and Cho, Lee-Jay and Ogawa, Eiji and Lee, Chang-Jae and Lee, Chung and Lim, Jung Duk and Kim, Joon-Kyung and Minakir, Pavel and Tong, Jiadong and Tichotsky, John and Tussing, Arlon and Watanabe, Hiroshi and Wang, Shuzu and Yasuhiro, Chiba and Takashi, Yamamoto and Zhang, Xiaoyan and Junlu, Ma and Katz, Stanley, Financing for Regional Economic Integration for Northeast Asia (June 10, 2010). KIEP Research Paper. Conference Proceeding 10-01 . Available at SSRN: https://ssrn.com/abstract=2957973 or http://dx.doi.org/10.2139/ssrn.2957973

Wook Chae

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Lee-Jay Cho (Contact Author)

Northeast Asia Economic Forum

1000 Bishop St # 904
Honolulu, HI 96813
United States

Eiji Ogawa

Hitotsubashi University ( email )

2-1 Naka Kunitachi-shi
Tokyo 186-8601
Japan

Research Institute of Economy, Trade and Industry (RIETI) ( email )

1-3-1 Kasumigaseki
Chiyoda-ku
Tokyo 100-8901
Japan

Chang-Jae Lee

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Chung Lee

University of Hawaii - College of Social Sciences ( email )

United States

Jung Duk Lim

Pusan National University ( email )

mulgeumup beomyeli
Pusan 609-735, 50612
Korea, Republic of (South Korea)
+82-16-9280-6277 (Phone)

Joon-Kyung Kim

KDI School of Public Policy and Management ( email )

Pavel Minakir

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jiadong Tong

Independent

No Address Available

John Tichotsky

Independent ( email )

No Address Available

Arlon Tussing

Independent

No Address Available

Hiroshi Watanabe

Japan Bank for International Cooperation (JBIC) ( email )

Japan

Shuzu Wang

Research Center for Financial Cooperation in Northeast Asia ( email )

Korea, Democratic People's Republic (North Korea)

Chiba Yasuhiro

Northeast Asian Studies & Exchange Network ( email )

Japan

Yamamoto Takashi

Akita International University ( email )

193-2 Okutsubakidai, Yuwa-Tsubakigawa
Akita, Akita 010-1211
Japan

Xiaoyan Zhang

Research Center for Financial Cooperation in Northeast Asia ( email )

Korea, Democratic People's Republic (North Korea)

Ma Junlu

Nankai University ( email )

94 Weijin Road
Tianjin, 300071
China

Stanley Katz

Independent ( email )

No Address Available

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