Financing for Regional Economic Integration for Northeast Asia II

Cho, Lee-Jay; Lee, Chang-Jae

doi:10.2139/ssrn.2319768

Cited by 1 publication

(1 citation statement)

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“…Proponents of a multilateral development bank (Campbell 1993;Katz 1999;Cho and Chang 2011;Cho and Katz 2011) have argued that a new bank is needed to take a major role in financing Northeast Asian infrastructure for several reasons. Examples of subregional MDBs are the Caribbean Development Bank, Central American Bank for Economic infrastructure is grossly deficient in terms of what is required to support economic development.…”

Section: Arguments For a Subregional Multilateral Development Bankmentioning

confidence: 99%

Financing Development Cooperation in Northeast Asia

Kawai

2013

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Asian Development Bank InstituteThe Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI's working papers reflect initial ideas on a topic and are posted online for discussion. ADBI encourages readers to post their comments on the main page for each working paper (given in the citation below). Some working papers may develop into other forms of publication. This is a significantly revised and expanded version of a paper presented to the Track-2 Meeting on Northeast Asian Cooperation organized by the Ministry of Foreign Affairs, Government of Japan in Tokyo on 24 July 2012. The author is grateful to Gerd Droesse, Arjun Goswami, and Rajat Nag for useful comments on earlier versions.The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, the ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.Asian Development Bank Institute Kasumigaseki Building 8F 3-2-5 Kasumigaseki, Chiyoda-ku Tokyo 100-6008, Japan AbstractThis paper examines financing mechanisms to support infrastructure development and connectivity in Northeast Asia-comprising the Northeastern People's Republic of China, Japan, the Democratic People's Republic of Korea (DPRK), the Republic of Korea, Mongolia, and the Russian Far East. Although this subregion has developed the Greater Tumen Initiative, the extent of intergovernmental cooperation for cross-border infrastructure investment is not as strong as in other subregional cooperation programs in Asia, such as the Greater Mekong Subregion Program and the Central Asia Regional Economic Cooperation Program. Using various previously published estimates, this paper finds that the total infrastructure investment needs for the subregion excluding Japan and the Republic of Korea (in transport, energy, information and communication technology, and the environment) could be in the order of $63 billion per year over the next 10 years, and of this total governments in the subregion will have to mobilize external funding of $13 billion a year, focusing on national infrastructure projects in the DPRK and Mongolia and high-priority cross-bord...

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Section: Arguments For a Subregional Multilateral Development Bankmentioning

confidence: 99%

Financing Development Cooperation in Northeast Asia

Kawai

2013

SSRN Journal

View full text Add to dashboard Cite

show abstract

Financing for Regional Economic Integration for Northeast Asia II

Cited by 1 publication

References 10 publications

Financing Development Cooperation in Northeast Asia

Financing Development Cooperation in Northeast Asia

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