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Asian NIES in the region's economic recovery and the options for South Korea: The potentials for Japan-Korea FTA

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  • Yukiko Fukagawa

Abstract

The purpose of this paper is to discuss the options for Korea's mid-term economic recovery from the financial crisis based on regional cooperation, especially through a Japan-Korea FTA and related possible changes. First, the paper will examine reform efforts undertaken by other MEs after the financial crisis, with a clear focus on intra-regional division of labor. The second part will explore what strategies ROK will be able to pursue if she wishes to establish competitive advantage like other NEs in the region. The Japan-Korea FTA (JKFTA here) will be proposed as one option with potential dynamic gains for ROK's development. Thirdly, the strategic character of JKFTA to maximize mutual advantage will be discussed with some political implications.

Suggested Citation

  • Yukiko Fukagawa, 1999. "Asian NIES in the region's economic recovery and the options for South Korea: The potentials for Japan-Korea FTA," Global Economic Review, Taylor & Francis Journals, vol. 28(4), pages 79-101.
    • Handle: RePEc:taf:glecrv:v:28:y:1999:i:4:p:79-101
    DOI: 10.1080/12265089908449775
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    1. Inkyo Cheong & Yunjong Wang, 1999. "Korea-U.S. FTA : Prospects and Analysis," Trade Working Papers 21754, East Asian Bureau of Economic Research.
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