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After-Development DynamicsSouth Korea's Contemporary Engagement with Asia$
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Anthony P. D'Costa

Print publication date: 2015

Print ISBN-13: 9780198729433

Published to Oxford Scholarship Online: November 2015

DOI: 10.1093/acprof:oso/9780198729433.001.0001

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Economic clustering in Northeast Asia

Economic clustering in Northeast Asia

China, Japan, and Korea integration

Chapter:
(p.29) 2 Economic clustering in Northeast Asia
Source:
After-Development Dynamics
Author(s):

You-il Lee

John Benson

Ying Zhu

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198729433.003.0002

This chapter argues that contrary to the economic focus of Asian regionalism, trade arrangements have a political motive. There are anticipated economic benefits from a free trade agreement (FTA) between China, Japan, and Korea (CJK), there are also strong political and economic pressures and expectations that motivate each nation to push for the CJK-FTA. The resumption of the CJK-FTA talks is a response to the rapidly changing internal and external political economy environment rather than a simple calculation based on economic optimality. Based on interviews conducted in the three countries with academics, researchers, and government officials, this chapter offers a political economic understanding into emerging forms of economic clustering in Northeast Asia with special reference to bilateral and regional integration (CJK-FTA). As Korea economically matures and consolidates its democratic institutions, its economic interaction is likely to take on a regional character, which contributes to stability.

Keywords:   free trade agreement, China, Japan, Korea, economic integration, Asian regionalism, political pressures

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