Recent Development of Russia – Japan Economic Relations and Implications for Korea

Joungho Park (), Boogyun Kang () and Jiyoung Min ()
Additional contact information
Joungho Park: Korea Institute for International Economic Policy
Boogyun Kang: Korea Institute for International Economic Policy
Jiyoung Min: Korea Institute for International Economic Policy

No 18-3, World Economy Brief from Korea Institute for International Economic Policy

Abstract: This paper provides the following policy implications for Korea. First, Korea needs to take a new approach toward Russia. Currently Seoul is facing numerous internal and external challenges under the rapidly-changing environment in Northeast Asia. Russia is an important partner in both political and economic terms when resolving issues on the Korean Peninsula.Therefore, an open and future-oriented thinking should be incorporated into the new Russia policy. Second, new mechanisms should be established to implement the new Russia policy. Holding summits on a regular basis will be the most effective way. At the same time, a control tower which directs and manages economic cooperation with Russia should be formed under the government. This will remarkably raise the efficiency of Korea – Russia cooperation. Third, measures must be prepared for more active participation in Far East development. The Korean government needs to understand the strategic importance of the Far East. The current stagnant economic growth can be overcome through the creation of a "northern growth space." Eventually such efforts will contribute to bringing peace on the Korean Peninsula. Most importantly, Korea needs to formulate its own original Russia strategy, keeping what is mentioned above in mind.

Keywords: Russia; Economic cooperation (search for similar items in EconPapers)
Pages: 4 pages
Date: 2018-01-29
New Economics Papers: this item is included in nep-cis and nep-sea
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ssrn.com/abstract=3112128 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwe:2018_003

Access Statistics for this paper

More papers in World Economy Brief from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Geun Hye Son ().