Political Economy of Northeast Asian Regionalism

Political Economy of Northeast Asian Regionalism

Political Conflict and Economic Integration

Edited by Jehoon Park, T. J. Pempel and Gérard Roland

This book is an objective analysis combining both ‘insider’ and ‘outsider’ (most notably US) perspectives of Northeast Asian regionalism. It also usefully applies regional integration theories to the realities of the Northeast Asian situation and presents policy options for regional integration.

Chapter 10: Conclusion: Searching for Models of Regional Integration in Northeast Asia

Jehoon Park

Subjects: asian studies, asian economics, economics and finance, asian economics, political economy, regional economics, politics and public policy, political economy


Jehoon Park We have seen four sets of talks crucial for regionalism in Northeast Asia during the year of 2007. The first was the second East Asia Summit, held in the Philippines in January 2007. The leaders from 16 countries – the ten ASEAN members, the additional ‘three’ from the APT (ASEAN Plus Three), China, Japan and the Republic of Korea, plus Australia, New Zealand and India signed the Cebu Declaration on East Asian Energy Security. They also agreed to begin a study on a comprehensive economic partnership agreement among the 16 countries; reaffirmed their commitment to coordinate efforts and to increase cooperation in addressing avian flu; and they agreed to consider ways to prevent or mitigate the impact of natural disasters. They also issued a strong joint statement condemning the DPRK nuclear tests of October 2006 and urging a resumption of the thenstalled Six Party Talks. Second is the Six Party Talks (SPT), where two agreements were made in 2007. The first took place on 13 February and laid out the framework for preliminary execution of the earlier 19 September 2005 joint statement. The 19 September statement promises that energy equivalent to 50 000 tons of heavy oil would be sent to the North in return for shutting down of the Yongbyon nuclear facility and allowing inspectors to enter the North within 60 days. The second SPT agreement is that of 3 October, according to which North Korea will completely disable its three nuclear facilities in Yongbyon. Although...

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