Strategies for Cooperation with China in Emerging Countries: Focusing on the BRI

Pyeong Seob Yang (), Young Ho Park (), Jaewan Cheong (), Cheol-Won Lee (), Jino Kim (), Su Yeob Na (), Hyo Jin Lee () and Youngkwan Jo ()
Additional contact information
Pyeong Seob Yang: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Young Ho Park: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Jaewan Cheong: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Cheol-Won Lee: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Jino Kim: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Su Yeob Na: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Hyo Jin Lee: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Youngkwan Jo: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do

No 19-5, World Economy Brief from Korea Institute for International Economic Policy

Abstract: Recently, the need to advance into emerging markets has increased for Korea with changes in U.S. trade policy and the proliferation of trade protectionism around the world. In order to diversify its export markets and diplomacy, Korea is pursuing its New Northern Policy (NNP) and New Southern Policy (NSP). China’s Belt and Road Initiative (BRI) is a new regional development strategy from an internal perspective and a cooperative initiative from an external perspective. The BRI is a realization of the new Silk Road Economic Zone covering land and sea, to be realized comprehensively in cooperation with China’s domestic and overseas development projects as a long-term mega-project, and which is expected to generate substantial economic ripple effects. China is working on the BRI to establish cooperative systems and plans, including infrastructure connections, and to promote collaborative projects with the five emerging regions of Central and Eastern Europe, the Middle East and Africa, CIS and Central Asia, South Asia and ASEAN. There is a need to link Korea and China’s national strategy and the target countries of Korea’s NNP and NSP, closely aligned with countries along China’s BRI route. This plan holds high potential for all countries involved. This study performs an overview of emerging regional strategies based on China’s BRI and an in-depth analysis of emerging countries’ economic cooperation policy toward China, with the aim of drawing important implications for Korea.

Keywords: Cooperation; CHINA; KOREA; BRI (search for similar items in EconPapers)
JEL-codes: A10 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2019-03-27
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.kiep.go.kr/gallery.es?mid=a10105040000 ... ist_no=5062&cg_code= 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:2019_005

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 ().