Sponsored by Jilin University
ISSN 1003-7411 CN 22-1180/C
6 issues per year
Discipline(s): Politics, Law & Military
Current Issue: Issue 01, 2016
Northeast Asia Forum is supervised by Ministry of Education of PRC, and sponsored by Jilin University. It is an authoritative academic journal, aiming to promote international cooperation, economic and trade, friendly exchanges, especially emphasizing on the strategic issues among Northeast Asian countries. Its scope covers studies in political, economic, historical, cultural, regional cooperation and international relations of Northeast Asia, and also lays stress on the development and new trends in all industries in Northeast Asian and Asia-Pacific areas. The journal is included in CSSCI.
Lowell Dittmer (U.S.); Lee Il-houng (ROK); Mikhail Titarenko (RUS); Davydov Andrey (RUS); Ogawa Yuhei(JAP); Wang Jisi; Zhu Xianping; Liu Jiangyong; Liu Debin; Li Junjiang; Li Yingwu; Xing Guangcheng; Zhang Yunling; Wu Hao; Gao Hong; Suisheng (Sam) Zhao(U.S.); Lee Heeok (ROK); Vladimir Portyakov (RUS); Zheng Yongnian(SIN); Wang Shengjin; Feng Shaolei; Zhu Feng; Liu Qingcai; Liu Bai; Li Xiao; Li Yongquan; Zhang Zhihui; Jin Canrong; Xu Bu
Li Yingwu (Director); Zhao Dongpo; Sun Jieli; Xu Jia
Vol 25,No. 01
Since 2009, the RMB internationalization has made several achievements in the fields of cross-border trade settlement and the RMB offshore markets. However, the latter seems not as helpful for the RMB internationalization as expected, and this triggered further discussion on the pattern of the RMB internationalization. In principle, development of the offshore markets could be useful as China's capital account has not been fully liberalized. And historical experiences also show that under certain circumstances, development of the offshore markets can effectively promote the currency internationalization. Based on international experiences, we argue that the internationalization of the RMB should follow a “China model” which focuses all four fields including trade settlement, offshore markets, capital outflow, and multinational corporations, and it's necessary to prepare some related conditions for the future development of the RMB offshore markets to play significant positive role in the process of the RMB internationalization.
A review on the partnership of dialogue between ASEAN and Russia in the past two decades (1994-2014)
Vol 25,No. 01
After the end of the Cold War, ASEAN established a partnership of dialogue with Russia according to its own security consideration of “dancing with great powers.” This relationship was consolidated and promoted when Russia shifted its diplomatic gravity from Europe to Asia. With two summit conferences between ASEAN and Russia were held, this cooperation leaped to a new level. But some problems still existed in this cooperation. For example, cooperation in traditional security did not reached ASEAN's expectation. Economic cooperation lagged behind the political cooperation and Russia had a better collaboration with Vietnam than with other ASEAN members. Given the background of the accelerating economic globalization, the prospect of economic and trade cooperation between ASEAN and Russia is bright and it will definitely promote Russia-ASEAN relations.
“Super third party”: Japan's opinion on the new type of great power relations between China and the United States
Vol 25,No. 01
Japan is the “super third party” of the new type of great power relations between China and the United States. China and the United States should pay great attention to Japan as a variable in their establishment of “a new type of great power relations.” Japan has been skeptical of the new type of great power relations between China and the United States and even interpreted it as a new type of military great power relations between China and the US. The pessimists of Japan believe that the new type of great power relations between China and the US will harm the Japan-US alliance and the occupation of the Diaoyu Islands, while the optimists believe that it will be helpful to strengthen Japan-US, Japan-Russia, and Japan-UK relations. Japanese scholars emphasize on developing new diplomacy wisdom to improve Sino-Japanese relationship and urging China and the United States to pay more attention to Japan's position as the third party. In order to build the new type of great power relations between China and the United States, China should establish China-US-Japan trilateral dialogue mechanism so as to realize effective and balanced interaction among the three countries in the Asia-Pacific region. In the trilateral relationship, the role of Japan as the “super third party” should be fully emphasized to act as a bridge of China-US communications.
Vol 25,No. 01
This paper examines the international role of the US dollar, a national currency, about which discomfort has been expressed by a number of observers. Can the US dollar be replaced in its international role? The euro and more recently the RMB have been suggested as possible alternatives. The paper argues that essentially on technical grounds, based on the size and liquidity of financial markets as well as the network externalities already enjoyed by the US dollar, neither the euro nor the RMB could easily displace the US dollar in the next two decades, although one or both may increasingly supplement it. The paper then examines the pros and cons of deliberate governmental action to replace the US dollar with a constructed alternative, mostly obviously the existing special drawing right. While this would technically be possible, at least for official international transactions, the paper suggests the net economic gains would probably not be worth the considerable negotiating effort that would be required to bring about this change without also taking on other significant but deeply controversial changes in the international monetary system.
?Studies on the strategic docking of China’s Belt and Road Initiative with Republic of Korea’s Eurasian Initiative
Vol 25,No. 01
The aim of the Belt and Road Initiative is to build the Eurasian economic corridor along the ancient Silk Road and promote economic development of China, other countries along the line and even the whole Asia and Europe. It follows the rule of market to make the free flow of factors of production on a larger scale, to achieve the effective allocation of resources, to promote a higher and deeper level of regional economic cooperation. As one of the key words of the Eurasian Initiative, “one continent” stresses the construction of the web of transportation, logistics, and energy infrastructure to strengthen economic ties between European and Asian countries. Its core is the connectivity of railway, pipeline, and the arctic route. The Belt and Road Initiative and the Eurasian Initiative are mutually close but dissimilar. They are statically similar and dynamically interactive. This coupling makes it possible to guide and strengthen the two systems, to promote the positive and productive interaction and mutual influence, to stimulate the internal potential, to realize common promotion. The sign and taking effect of China-ROK FTA will provide institutional basis and intrinsic motivation for the strategic docking of the Belt and Road Initiative and the Eurasian Initiative. Through policy coordination and market open between the two countries, they will overcome the constraints and obstacles of docking and broaden the path of docking and development. The new space of Asia-Europe cooperation will be opened.
Vol 25,No. 01
RMB internationalization being able to be advanced as a government strategy is the result of the evolution of international economic strength, and is also needed due to the global security assets shortage after the global financial crisis as well as the diversification of the international monetary system. The rapid growth of the RMB in many international currency functions, especially in the areas of trade settlement, investment pricing, and reserve currency in the offshore market, benefited from policy promotion and the inter-governmental cooperation, and also reflected market demands. Whether the future internationalization of the RMB can proceed smoothly depends on the ability to deal with short-term financial risks in a timely manner, and also depends on the orderly arrangement of policies for capital account liberalization, exchange rate policy and domestic financial structure adjustment.