FTA between China, Japan and Korea - Group 3

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1. Description

Strong bondage among China, Japan and Korea through sucessful FTA shall be created. FTA could speed up Korean economy development and South Korea can push harder North Korea with stronger power to open the gate. According to the increase of economic gap between North and South Korea, the internal conflict inside North Korea can be growing bigger and bigger.


2. Enablers

  • World trend for Free Trade between countries.
  • Increase of internation trade among China, Japan and Korea.
  • Lowering of economic border among countries.
  • Decrease of economic gap among countries.


3. Inhibitors

  • Strong nationalism to protect the weak industry of the country.
  • Curent economic gap among countries.

4. Paradigms

The world is getting closer and closer in several aspects like politics, cultures and so on as well as economic aspect. The border of countries is getting meaningless. In this circumstance Europe already integrated countries to 1 union. Also North America has formed economic block of the countries, NAFTA. Asia is almost last continent which doesn’t have unified economic block, considering the level of economy –especially international trading. FTA among Asian countries is under discussion at the moment. It’s not far to have economic block in Asia, following the world trend and the increase of necessity for further international trade.

5. Experts

6. Timing

- N/A

7. Web Resources

http://www.nber.org/papers/w10173.pdf

http://www.rieti.go.jp/en/events/bbl/05040801.html

http://www.kiep.go.kr/inc/download.asp?fnm=(841C8F65)%20Fukuoka(CJLEE).pdf