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Begin New Search Topic Economic Cooperation Political Geography Asia

1. State Enterprises as Enablers of Economic Cooperation in India

Author:
Kyunghoon Kim
Publication Date:
01-2025
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
This Brief discusses the role of state enterprises in India's economy, emphasizing their pivotal contribution to the government's development strategy. It also highlights cases where Indian state enterprises have formed cooperative relationships with global companies, as well as foreign and international development agencies. The Brief concludes with implications for the Korean government and businesses.
Topic:
Development, Economics, Economic Cooperation, and State-Owned Enterprises
Political Geography:
South Asia, India, Asia, and South Korea

2. Korea-India Economic Cooperation in the Indo-Pacific Era

Author:
Jeong Gon Kim, Kyunghoon Kim, Jonghun Pek, Yoo Jin Nam, and Wondeuk Cho
Publication Date:
02-2024
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
With the geopolitical and geoeconomic importance of the Indo-Pacific region in the spotlight, India's strategic value has come to the fore. The Korean government has included cooperation with India as a key task under its Indo-Pacific Strategy. This article aims to contribute to the establishment of economic cooperation with India from a medium- to long-term strategic perspective. Accordingly, this article analyzes the strategic changes of major countries towards India and India's response strategies, and the emerging agendas of economic cooperation between India and major countries. Lastly, this article proposes policy directions and key agendas for Korea-India economic cooperation.
Topic:
Economics, Bilateral Relations, Geopolitics, and Economic Cooperation
Political Geography:
India, Asia, South Korea, and Indo-Pacific

3. Economic Impacts of the Sanctions on the Russian Economy and Stabilization Measures for Economic Cooperation between Korea and Russia

Author:
Minhyeon Jeong
Publication Date:
06-2024
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
There are concerns that the economic sanctions imposed by the West on Russia will continue even after the end of the Russia-Ukraine war, which began in 2022 and has since prolonged. This is because the nature of the war encompasses a multifaceted structure that cannot be easily explained by the mere clash of interests between Russia and Ukraine, the primary parties involved. Therefore, it may be overly optimistic to expect that the Western sanctions against Russia will be fully lifted following the conclusion of the war. If there is a high likelihood that the Western economic sanctions against Russia will be prolonged, it is necessary to systematically analyze the long-term impact of these sanctions on the Russian economy. Even though Russia's economic growth rates in 2022 and 2023 were more favorable than anticipated by the West, it cannot be definitively stated that the long-term effects of the sanctions will be negligible. This is because the intrinsic nature of the sanctions against Russia is to "impose economic isolation," suggesting that the prolonged duration of these sanctions is likely to have structurally adverse long-term effects on the Russian economy. Meanwhile, the Government of the Russian Federation is devising and establishing various domestic and international strategies in order to minimize the structural adverse impacts on the economy. By thoroughly re-viewing these domestic and international strategies, it is essential to systematically understand the direction of development within the Russian economy and the demand for international economic cooperation. This understanding will allow for the rapid restoration of economic cooperation between Korea and Russia, and the enhancement of cooperative synergy amid prolonged sanctions. Given this backdrop, this manuscript aims to summarize three key conclusions from the work of Jeong et al. (2023). First, we provide a theoretical and empirical analysis of the long-term impact of Western sanctions on the Russian economy. Second, we review the foreign and domestic policies of the Russian Federation in response to the prolonged sanctions following the war. Third, based on the findings of the first and second analyses, we explore measures to stabilize economic cooperation between Korea and Russia under the anticipated prolonged sanctions.
Topic:
Sanctions, Economy, Economic Cooperation, and Stabilization
Political Geography:
Russia, Asia, and South Korea

4. Brazil-ASEAN Relations and the Energy Transition

Author:
Beatriz Pfeifer
Publication Date:
01-2024
Content Type:
Special Report
Institution:
Brazilian Center for International Relations (CEBRI)
Abstract:
On the occasion of the XXXII meeting of the Analysis Group on China, Ambassador Piragibe dos Santos Terragô, Nuki Agya Utama, Executive Director of the ASEAN Center for Energy (ACE) and Juliana Rangel do Nascimento, Energy Research Analyst at Empresa de Pesquisa Energética (EPE) share their views on Brazil-ASEAN relations and the opportunities for economic cooperation and tackling global challenges, cooperation in the energy sector and what benefits Brazil can derive from this partnership.
Topic:
International Relations, Climate Change, Partnerships, Economic Cooperation, ASEAN, and Energy Transition
Political Geography:
China, Asia, Brazil, and South America

5. From Security Alliance to Comprehensive Technology Centered Partnership

Author:
Scott Snyder
Publication Date:
12-2024
Content Type:
Special Report
Institution:
Korea Economic Institute of America (KEI)
Abstract:
The Joe Biden and Yoon Suk-yeol administrations have embraced the expansion of economic cooperation within the US-ROK alliance, leading to the emergence of South Korea as a valued technology partner of the United States and an era of institutionalization for the bilateral relationship. This issue of Korea Policy examines the commitments of the two governments to cooperate on the development of critical and emerging technologies and is intended to capture major changes in the depth of cooperation reflected in the intensification and expansion of policy dialogues between the two countries in both technology development and the defense industrial base. Major themes highlighted across the papers include challenges to maintaining a technology-centered coalition among like-minded partners, the impact of political transition on the sustainability of technology-driven cooperation, the role of the private sector, and the implications of expanding the concept of an alliance beyond its core security-centered logic. As the alliance management baton passes from the Biden to the Donald Trump administration, an important question will be whether the Biden administration’s efforts to “lock in” institutionalized cooperation are sustainable through the political transition and whether such efforts will only be successful with “buy-in” from President Trump and his new administration.
Topic:
Security, Foreign Policy, Science and Technology, and Economic Cooperation
Political Geography:
Asia, South Korea, North America, and United States of America

6. Intertwined Interest: What’s behind China-Ivory Coast strengthened relations?

Author:
FARAS
Publication Date:
03-2023
Content Type:
Policy Brief
Institution:
Future for Advanced Research and Studies (FARAS)
Abstract:
The diplomatic relation between China and Ivory Coast spans over more than four decades. Both sides have strengthened their relations in recent years as China looks to cement its presence in Africa.
Topic:
Foreign Policy, Diplomacy, Bilateral Relations, Investment, and Economic Cooperation
Political Geography:
China, Asia, and Ivory Coast

7. Strengthening Regional Value Chain between India and South Korea: Emerging Opportunities for Trade and Investment Cooperation

Author:
Durairaj Kumarasamy
Publication Date:
03-2023
Content Type:
Working Paper
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
The changing dynamics of supply chains and their impact on shaping international relations in East Asia have become crucial issues for scholars and policymakers. Asia’s two major economies, India and South Korea, are reassessing their strategy on the changing dynamics of the supply chain. India is to redesign its developmental strategy to establish India-centric supply chains in key industries. India has stressed its endeavour to become a self-reliant economy by introducing a highly ambitious Production-Linked Incentive (PLI) scheme to attract FDI in strengthening and establishing the supply chain linkages in India, whereas South Korea has adopted a strategy to mitigate supply chain-related risk through greater emphasis on developing strong self-reliance and promoting economic diversification by enhancing its economic ties with India. In addition, the pandemic-induced supply chain disruptions further reinforced South Korea toward diversification and resilience of its supply chain. South Korea’s development experience and deep investment relations with India can explore the untapped potential of bilateral trade and investment linkages. To ensure supply chain resilience both India and South Korea focus on critical sectors such as semi-conductors, steels, secondary batteries and chemicals, along with new technology areas like AI, 6G, Digital Infrastructure and renewable energy for cooperation. In this regard, the study explores the trade and investment relationship between India and South Korea and identifies the potential sectors to engage in the sustainable value chain between them.
Topic:
Investment, Trade, Economic Cooperation, Supply Chains, and Value Chains
Political Geography:
South Asia, India, Asia, and South Korea

8. Economic Cooperation Policies of China, Japan and India towards South Asia and Their Implications for Korea

Author:
Jeong Gon Kim
Publication Date:
10-2023
Content Type:
Policy Brief
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
With the Indo-Pacific region increasingly gaining recognition for its strategic importance, countries such as China, Japan, and India are seeking close economic cooperation with South Asian countries. This report analyses these countries’ strategic perspectives and cooperation policies towards South Asia (Pakistan, Bangladesh, Sri Lanka) under the rapidly changing international political and economic environment, and examines Korea’s future economic cooperation strategies and policies. Korea’s economic cooperation with South Asian countries has mainly focused on ODA. Although trade and investment have been centered on some manufacturing industries, they have recently shown a shrinking trend. While competition among major countries in South Asia is in full swing, it is necessary to establish a new direction for economic cooperation and promote policies towards South Asia from a strategic perspective.
Topic:
Economics, Regional Integration, Economic Cooperation, and Competition
Political Geography:
Japan, China, South Asia, India, Asia, and South Korea

9. Opportunities and Challenges for ASEAN and East Asia from the Regional Comprehensive Economic Partnership on E-Commerce

Author:
Jane Kelsey
Publication Date:
09-2022
Content Type:
Working Paper
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
The Regional Comprehensive Economic Partnership (RCEP) is a microcosm of the current tensions in negotiations on digital trade involving parties that have divergent positions on the digital economy, data, and regulation, including within the Association of Southeast Asian Nations (ASEAN) itself. It adopts a prudent approach that recognises the state parties need flexibility and policy space at the national and regional levels to develop of policy and regulation in the rapidly changing digital ecosystem and seeks to advance their collective interests through dialogue and cooperation. This paper contrasts that approach with the disciplinary nature of binding legal obligations that are enforceable by other states and their investors, as in the Trans-Pacific Partnership Agreement and similar recent treaties. The analysis of key differences focuses on matters of particular importance to ASEAN, such as local content and government procurement, data rules and flexibilities, financial data, source codes, and transparency. RCEP’s cautious approach enables ASEAN members to deepen their national and regional understanding of the opportunities and challenges these agreements present, whilst developing and implementing their own digital development strategies. Yet those good efforts may be undermined through the binding and enforceable trade in services rules.
Topic:
Economics, Regional Cooperation, Digital Economy, and Economic Cooperation
Political Geography:
Asia and ASEAN

10. The Investment Chapter in the Regional Comprehensive Economic Partnership: Enhanced Rules without Enforcement Mechanism

Author:
Henry Gao
Publication Date:
09-2022
Content Type:
Working Paper
Institution:
Economic Research Institute for ASEAN and East Asia (ERIA)
Abstract:
This paper examines the legal rules in the investment chapter in the Regional Comprehensive Economic Partnership (RCEP). It starts with an overview and summary of the main provisions in the chapter, followed by an assessment of the rules by comparing established free trade agreements (FTAs), especially the Comprehensive and Progressive Trans-Pacific Partnership. In particular, it notes that the chapter, whilst largely following the established approaches to investment in other FTAs, also includes important twists to the common rules to favour the host states. The last part discusses the conspicuous absence of an investor–state dispute settlement mechanism, its pros and cons, and wider implications on regional integration, then concludes with some thoughts on future developments.
Topic:
Economics, Regional Cooperation, Economic Cooperation, and Strategic Interests
Political Geography:
Asia and ASEAN