Enhancing Investment Cooperation in Northeast Asia

Abstract

Although Northeast Asia constitutes one of the core economic regions of the world, it has lagged far behind other major regions such as The EU and North America in terms of economic integration.foreign direct investment (FDI) flows in Northeast Asia as a whole and intraregional FDI still remain relatively low, and in particular, few development projects in the northern parts of Northeast Asia have been materialized. Notwithstanding this fact, there has not yet been any regional talk, at least at the central governmental level, to expand intraregional FDI flows among the Northeast Asian countries. The papers in this volume, the product of a project jointly organized by the Korea Institute for International Economic Policy and the Northeast Asia Economic Forum, attempt to shed new light on the role of intraregional FDI in NEA in promoting economic integration, and to explore the appropriate institutional arrangements that would be best suited for achieving investment cooperation in the NEA region.