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Proceedings
Author Edited by Lee-Jay Cho and Hyung-Gon Jeong Series 18-01 Language English Date 2018.12.28
The risks of political tensions and military confrontation and war in the Northeast Asian region, triggered by North Korea in particular, has been a critical gap in an otherwise productive network of dynamic regional economic growth. However, this year, the milestone summit between US President Donald Trump and North Korean Leader Kim Jong Eun has resulted in a dramatic change on the Korean Peninsular, prompting greater need for the region to strengthen ties and find mutually beneficial ways to handle tasks ahead.
Toward this end, the KIEP–NEAEF collaborative project seeks to fulfill the need for timely and forward-looking research and meeting activities by focusing on critical issues, such as 1) discussion and emphasis on connectivity in cross border infrastructure developments involving North Korea as an integral part of a broader regional economic community in Northeast Asia, and 2) revisiting the design and establishment of a Northeast Asia Bank for Cooperation and Development (NEABCD) in the context of economic cooperation and integration in the Korean Peninsula.
This volume in the series of proceedings volumes is titled “Momentum for Building a Northeast Asian Economic Community: Emerging Challenges and Opportunities” and comprises summaries of research presentations and discussions at the planning meeting in Honolulu, at the 27th Annual Conference of the Northeast Asia Economic Forum in Sendai, Japan, and at the Honolulu Ad Hoc Group Meeting on Financial Cooperation in Northeast Asia in 2018. The results of this project represent activities that have been contributing to economic dialogues, interactions, and research on common issues for cross-border future economic cooperation in the region, which involves North Korea.
KIEP is grateful to Dr. Lee-Jay Cho, Chairman of NEAEF, for his leadership in implementing the project, and to the authors of the presentations, conference participants and discussants who contributed to this volume.
Drs. Lee-Jay Cho and Hyung-Gon Jeong would like to extend their appreciation to the NEAEF staff for their assistance in the course of the successful implementation of this project, and to Drs. Karla Fallon and Kennon Breazeale for their editorial review and editing of this volume.
Preface
Contributors
Introduction and Overview
Lee-Jay Cho
Statements by Country Representatives and Keynote Address
Country Representative Statement: South Korea
Kwan-Young Park
Country Representative Statement: China
Wang Shuzu
Country Representative Statement: United States
George Ariyoshi
Country Representative Statement: Russia
Pavel Minakir
Country Representative Statement: Mongolia
Ganbold Baasanjav
Keynote Address
Nikai Toshihiro
Part I. Building a Northeast Asia Economic Community and Its Extended Regions
Promoting International Cooperation in Industrial Finance, Propelling High-quality Development of an Asian Economy
Zhao Xianfeng
Northeast Asia Economic Community Formation and the Role of the Russian Far East
Sergei Sevastianov
Part II. Cross-border Infrastructure and Special Economic Zones in Northeast Asia
Cross-border Infrastructure and Special Economic Zones in Northeast Asia: Politically Holding Hands and Economically Going Underground
Anthony Michell
Logistic Connectivity for Northeast Asia
Inoue Satoshi
Cross-border Infrastructure in Northeast Asia: Transport and Energy
Sangmin Nam
Part III. Financial Cooperation in Northeast Asia
Financial Cooperation in Northeast Asia: Current Trends and Opportunities
Maeda Tadashi
A Review of the Asian Infrastructure Investment Bank
Stanley Katz
Establishment of the NEADB to Support North Korea’s Economic Development
Jai-Min Lee
Part IV. Energy and Environment in Northeast Asia
Trends in Energy Transformation and Policy
Iinuma Yoshiki
Perspective from the United States: Update on US Energy Policy and Technology
Terry Surles
Perspective from Korea: New Paradigm for Korean Energy Transition and Policy
Haksik Yoo
Perspective from Japan: Energy Trends and Policy and Northeast Asia Cooperation
Tanabe Yasuo
Part V. Tourism Cooperation in Northeast Asia
Border Tourism in Northeast Asia
Iwashita Akihiro
Increasing Tourism through Integrated Resorts—Tourism and Gaming in Northeast Asia
S. Ray Cho and Brendan Bussmann
Current Status and Challenges of Japan’s Inbound Tourism Boom: Evidence from Japan’s City-level Data
Konishi Yoko
Latest Market Trends: Visitors to Japan
Tsuboi Yasukiro
Part VI. Panel Discussion on Natural Disaster and Regional Cooperation
Summary of Panel Discussion on Natural Disaster and Regional Cooperation
Part VII. The Honolulu Ad Hoc Group Meeting on Financial Cooperation in Northeast Asia: Proposal for the Northeast Asia Bank for Cooperation and Development (NEABCD) Revisited
Review of Current Situation and Recent Developments in Northeast Asia Regional Cooperation Relevant to Financial Cooperation Opening Remarks
Kwan Yong Park
Recent Developments and NEABCD
Stanley Katz
Perspective from Japan
Maeda Tadashi
Perspective from Korea
Jae Hyung Hong
Perspective from China
Liu Ming and Zhang Jianping
Perspective from the United States
Mead Treadwell
Commentary
Inessa Love
Role and Justification: Why Is the NEABCD Necessary to Meet NEA Financing and Technical Assistance Needs?
Overview
Lee-Jay Cho and Stanley Katz
A Review of the Ad Hoc Committee on the NEABCD and the Brief on the Establishment of the NEABCD
Liu Ming
Recommendations of the Study on the Establishment of the Northeast Asian Development Bank: The Tokyo Foundation Draft
Chiba Yasuhiro
Update on Northeast China and Efforts Toward an NEABCD
Liu Lanbiao
Strategies, Future Plans, and Activities Establishment of the NEADB to Support North Korea’s Economic Development
Jai-Min Lee
Promoting the Northeast Asia Development Bank
Zou Lixing
Promoting Financial Cooperation in Northeast Asia
Li Zheguang
The NEADB: Securing the Attention of the United States
Mead Treadwell
The NEADB: Considerations and Recommendations for Energy
Terry Surles
Appendices
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