As the world moves rapidly towards globalization in the 1990s, the movement towards economic cooperation in the Northeast Asian Region steadily gains momentum. Although interest in economic cooperation in the Northeast Asia Region has been elevated due to the rapid progress of regionalism in the world economy, political instability and security issues in the region have impeded the progress of the movement towards actually achieving economic integration on the same level as, and similar to either the EU or NAFTA. However, since the attitude of the Northeast Asian Countries has changed since the coming of the Asian Financial Crisis, it has become necessary to develop a framework for Northeast Asian Economic Cooperation.

This paper searched for economic cooperation strategies with a focus on Investment Cooperation among the Northeast Asian Countries in the context of Economic Cooperation issues.

The first priority of Investment Cooperation in NEA is to enhance intra-regional investment between Korea, China and Japan. Differing from other regional characteristic, of the NEA investment relation, is that a one-way flow has dominated investment. Japan has unilateral relationships with both Korea and China, and Korea's FDI relationship with China is also unilateral. The core issue of the facilitation of intra-regional investment will be to develop a production specialization in the region. This could be realized through transfer of an industry which lost comparative advantages, from Japan to Korea and China, or from Korea to China.

Another objective of Investment Cooperation in NEA is to establish the Northeast Asian Investment Area. With the prospect of NEA economic integration lurking in the future, a cooperative approach towards FDI inducement into NEA will have long lasting individual and common consequences. The concept of the Northeast Asian Investment Area can be designated as the development of a regional production network by multinational corporations.

The third objective of Investment Cooperation in NEA is to develop a framework for the common utilization of resources. A representative example would be a joint investment project involving the construction of intra-regional infrastructure.
Coordinated policy measure need to be develop to enable enhanced investment cooperation in Northeast Asia. Each of the Northeast Asian countries has already adopted many domestic policy measures to support overseas investment as well as to encourage foreign direct investment. By using these measures as a foundation, we may then develop policies along regional lines with regards to investment cooperation. Possible policy measures may include: 1) information and technical support, 2) financial assistance, 3) investment protection, 4) deregulation, and 5) investment incentives.
The policy measures for investment cooperation in NEA may be grouped into short, middle and long-term strategies. The short term(by the year 2000) strategies may include construction of the Northeast Asian Investment Information Network, expanding upon financial support mechanism and further developing protection for investment projects consistent with the objectives of investment cooperation in NEA.

As midterm(by the year 2005) strategies, we suggested drawing up the NEA Investment Protection Agreement, reviewing the current domestic investment barriers as a starting point for investment liberalization in NEA and establishing the NEA Investment Fund to support investment within the region.

The long term (by the year 2010) strategies may include concluding the NEA Investment Cooperation Agreement, which provides 3-party joint incentives to investment projects, establishing the NEA Development Bank and setting up the principles of the NEA Framework on Investment, which assumes a free investment area of NEA. In the long run, the Treaty will be incorporated within the Framework Agreement on ASEAN Investment Area(AIA) to be developed into the East Asia Framework on Investment.

서 언
요 약

Ⅰ. 서론
1. 연구의 필요성 및 목적
2. 연구의 구성

Ⅱ. 동북아 투자의 추세 및 현황
1. 한/일 투자관계 현황
2. 한/중 투자관계 현황
3. 일/중 투자관계 현황
4. 한/중/일 투자관계 특징과 협력의 필요성

Ⅲ. 동북아 투자협력의 방향
1. 동북아 투자협력의 목표
2. 투자협력의 정책적 수단

Ⅳ. 동북아 투자협력 방안의 구상
1. 동북아 투자정보체계 구상
2. 동북아개발은행 설립구상
3. 동북아 투자협력협정 구상
4. 동북아 투자지역협정의 구상

Ⅴ. 동북아 투자협력의 단계적 추진전략
1. 단기 전략(～2000년)
2. 중기 전략(～2005년)
3. 장기 전략(～2010년)
4. 동북아 투자협력의 비젼(2010년 이후)

참고문헌