The Economic Cooperation of Northeast Asian Three Countries and the Supply of Regional Public Goods——Take the Global Financial Crisis as Background
Wang Shuan
Abstract
Wang Shuan
Abstract
After the Asia Financial Crisis,the East Asian intergration process which was caused by the financial crisis has slowed down for a while,one of the main reasons is that the ASEAN which is in the central position of the process is not able to provide essential regional public goods and vitalize the regional cooperation,either from the ability or from the will.Under the tremendous shock of the Global Financial Crisis,the cooperation among the three countries has made great progress,their close economic cooperation could play a role in providing regional public goods and become the new impetus of regional cooperation.This thesis is trying to explain the new economic progresses of PRC Japan and Republic of Korea under the Global Financial Crisis,and the possibility and importance that the three countries can provide regional public goods through cooperation in economic fields such as financial trade energy and environment protecting etc.
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After the Asia Financial Crisis,the East Asian intergration process which was caused by the financial crisis has slowed down for a while,one of the main reasons is that the ASEAN which is in the central position of the process is not able to provide essential regional public goods and vitalize the regional cooperation,either from the ability or from the will.Under the tremendous shock of the Global Financial Crisis,the cooperation among the three countries has made great progress,their close economic cooperation could play a role in providing regional public goods and become the new impetus of regional cooperation.This thesis is trying to explain the new economic progresses of PRC Japan and Republic of Korea under the Global Financial Crisis,and the possibility and importance that the three countries can provide regional public goods through cooperation in economic fields such as financial trade energy and environment protecting etc.
Key concepts: Financial crisis, Position (finance), Public good, Shock (circulatory), Business, East Asia, Economics, Economic policy