Preface…11
Contributors…13
Introduction and Overview…15
Chapter 1. Broad Issue of Economic Partnerships…19
Trans-Pacific Partnership: Priority Issue of the APEC 2011 Honolulu ... 21
Ippei Yamazawa
Big Brother in Pacific Cooperation Study
APEC 2011 Honolulu
APEC Achieves Free Trade by 2020
A Paradigm Shift in the Regional Integration
TPP toward FTAAP
APEC Pushes Up FTAAP
Prospects for a China-Japan-Korea FTA: Light at the End of the Tunnel ... 33
Chang Jae Lee
1. Introduction
2. Trends of Trade between China, Japan and Korea
3. Developments Related to the CJK FTA
4. Reasons Why a CJK FTA is Likely to be Realized in the Coming Years
5. Closing Remarks: Role of a CJK FTA in Asia Pacific Economic Integration
Chapter 2. Regional Financial Cooperation…47
The Establishment of the NEADB and the Countermeasure of Local
Government: From Conception to Promotion ...49
Gangzhe Li
1. Introduction
2. Review of the World Development Finance System
3. The Experiences of New Regional-level Development Banks
4. Financial Cooperation in East Asia after the Asian CurrencyCrisis
5. Proposal for New Financial Cooperation Framework
6. Conclusion
The Necessity and Feasibility for Establishing the Northeast Asian Bank
for Cooperation and Development (NEABCD) ... 65
Junlyu Ma, Zhang Jianping, and Liu Ming
1. The Necessity for Establishing the NEABCD
2. The Feasibility for Establishing the NEABCD
3. The Financing Requirements and Management of Cross-Border Projects in Northeast Asia
4.Purpose, Character and Principle of Northeast Asia Bank for Cooperation and Development
Review of Accounting Policies and Operating Methodologies for Existing
Development Banks ... 77
Wonkee Pae
1. Introduction
2. Regional Development Banks by Each Area and External Auditors
3. Functional Currency, Reporting Currency and Capitals
4. Generally Accepted Accounting Principles (GAAP)
5. Ordinary Capital Resource vs. Special Funds
6. Risk Management
7. Tax Exemption
8. Conclusion
Appendix: Illustration of Loan Policy and Borrowing Policyfor Other Existing Development Banks
Chapter 3. Financing Infrastructure Development in Northeast Asia…85
A Case for Financing Cross-Border Infrastructure: Russia and Mongolian
Resources ... 87
Yamamoto Takashi
Issues in Financing Cross-Border Infrastructure Projects
A Solution: The Northeast Asian Bank for Cooperation and Development
Appendix
Towards an Integrated Regional Logistics System ... 97
Inoue Satoshi
1. Introduction
2. Globalization and Maritime Trade
3. Port Expansion, Containerization and Institutional Reform
4. Supply Chain Management and Port
5. Transforming Ports into Logistics Centers:
6. Developing the Regional Logistics System for Northeast Asia
7. PPP for Regional Logistics System
8. Conclusion
Korea-Financing Plans for the Development of Northeast Asia ... 105
Jai Min Lee
1. Introduction
2. Need for Development Financing in Northeast Asia
3. Financing Plans for the Development of Northeast Asia
4. Summary and Conclusion
Vision for Korea-Japan Economic Cooperation: The Construction
of a Korea-Japan Undersea Tunnel ... 125
Jung Duk Lim
1. Introduction
2. Review on the Japanese-side Study
3.Major Discussion Points and a Basic Concept from Korean Perspectives
4. Impact Estimate of the Tunnel
5. Policy Suggestions
Appendix…135
