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How resource-poor countries in Asia are securing stable long-term reserves : Comparing Japan's and South Korea's approaches

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  • How resource-poor countries in Asia are securing stable long-term reserves
  • Armstrong, Margaret; D'Arrigo, Rafael; Petter, Carlos; Galli, Alain G.
  • Elsevier


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Title How resource-poor countries in Asia are securing stable long-term reserves
Similar Titles
Sub Title

Comparing Japan's and South Korea's approaches

Material Type Articles
Author(English)

Armstrong, Margaret; D'Arrigo, Rafael; Petter, Carlos; Galli, Alain G.

Publisher

[Amsterdam, Netherlands]:Elsevier

Date 2016
Journal Title; Vol./Issue Resources Policy:vol. 47(no. 1)
Pages 10
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Energy
Holding Elsevier

Abstract

Securing stable long-term supplies of raw materials is vital for industrialized nations. China, Japan and South Korea are three countries in East Asia which import large quantities of raw material, especially metals and petroleum products. Unlike the other two, China has large mines and oilfields and so can use this expertise to exploit resources overseas. In contrast Japan and South Korea are resource-poor countries that lack domestic petroleum and mining industries. This paper compares the ways in which these two countries secure supplies. Japanese trading companies and industrial groups invest in mining and petroleum projects run by international groups with the active support from the Japanese government through the Japan Bank for International Cooperation (JBIC). In contrast, the Korean government has set up two state run corporations: (The rest omitted)