Korea-Japan Economic Cooperation amid a New East Asian Integration

Executive Summary

Ⅰ. Introduction

Ⅱ. Rising Asia and East Asian Regionalism
1. Asia’s Exceptional Growth Based on Intra-Regional Demand Amid Global Downturn
2. Regional Financial Cooperation
3. Growing Web of East Asian FTAs

Ⅲ. Structural Change of Japanese and Korean Economies After the Global Financial Crisis and the Great Earthquake
1. Two Lost Decades in Japan
2. Upper Middle-Income Syndrome in Korea

Ⅳ. Enhancing Bilateral Economic Cooperation Between Japan and Korea
1. Korea-Japan Cooperation Toward Open East Asian Regionalism
2. Promotion of Cross-border FDI and Opening of the Service Sector

Ⅴ. Summary and Policy Implication

References
Appendix