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Industrial cooperation and regional development in Northeast Asia : Toward a cooperative development strategy

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Title Industrial cooperation and regional development in Northeast Asia
Similar Titles
Sub Title

Toward a cooperative development strategy

Material Type Reports
Author(English)

Kim, Won Bae; Kim, Young Bong

Publisher

Korea Research Institute for Human Settlements

Date 1996
Series Title; No Research Report / 96-15-1
Pages 108
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < General
Official Aid < Development Administration

Abstract

The main rationale of regional economic cooperation is agued to lie in the joint utilization of natural resources, human resources, and industrial bases in NEA. This pooled use of various resources provide an opportunity to reap the benefits of scale economies and an enlarged market. Economic growth in various parts and countries in NEA also renders a synergy effect for the region as a whole. Furthermore, deeper economic interdependence within the region is expected to promote regional prosperity and stability. Therefore, the essence of regional cooperation boils down to the mode of cooperation in the region. A multilateral economic cooperation mechanism is suggested in this paper to supplement the currently predominant pattern of bilateral cooperation in NEA. (The rest omitted)