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.
Editor-in-Chief Zhu Xianping
Deputy Editor-in-Chief Li Yingwu
Editorial Board 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
In view of the importance and complexity of the stock market, this paper focuses on the stock market integration in Northeast Asia by studying the co-movement among the stock markets to show the financial integration. By using DCC-GARCH model, Johansen cointegration test, and Granger causality test, this paper tries to measure the dynamic conditional correlation coefficient, the long-term equilibrium relationship, and short-term spillover effects of the stock markets in China, Japan, and the ROK. The results show that the stock markets in Northeast Asia are tending to be integrated; the Chinese stock market has much more significant influence on stock markets in Japan and the ROK, and the financial crisis would change the c0-movement between the international stock markets. Moreover, according to these results, the paper analyzes the influence of financial integration in Northeast Asia on diversified investment, policies implemented by each country, economic and financial reforms in China, and RMB internationalization.
Countries in Northeast Asia share rich and complicated historical origins, which have exerted profound and direct impact on the current politics. Since the end of the Cold War, the regional integration begins to break the ideological barriers, featuring the end of self-isolation and increasing people-people communication. However, the unsolved hostile sentiments and contradictions become even more fragmental and visualized, with the failure of current cognitive framework and greater difficulties in solving the problems. The “coexistence” of Northeast Asia with history requires long-term targets as well as pragmatic and efficient policies, reaching for a reconstruction of mutual perception and identification in terms of social constructivism through accumulating cooperation in various aspects and deepening of mutual understanding. In that process, China, Japan, and South Korea share great responsibilities.
Fishery resources in the Arctic have become national focus due to global climate change. Relevant international conventions and regional fisheries organizations in the Central Arctic Ocean cannot provide effective governance for the Central Arctic Ocean fisheries. It is difficult to realize effective governance by improving existing regional fisheries organizations, Arctic Council or establishing a new fisheries organization. In the future, it is vital to sign a legally-binding international agreement to improve the governance structure and ensure the conduct of Arctic fisheries orderly. China, as an important pelagic fishing country, should participate in the formulation of international fisheries agreement, actively participate the development and protection of the Arctic fisheries as soon as possible, and maintain our Arctic rights and interests at the most extent.
The implementation of security bills highlighted Japan’s movements of warlike preparation. While regarded as a potential rival of Japan in the past，China has already been the major target of Japan’s warlike preparation. Various changes in Japan’s domestic and international environment show that there will be more confrontation in the new normal of Sino-Japan relations despite the co-existence of cooperation and confrontation between the two countries.
Under the guidance of “proactive contribution to peace,” Japan's ODA policy has adjusted a lot, showing the trend of development from the “economic development” to the “strategic support.” The new round of adjustment paid more attention to the support of the Japanese diplomacy and security, relieving the limitation of supporting foreign troops. And the aid objects have been beyond the developing countries, emphasizing countries which have strategic significance to Japan. The major strategic considerations of this round of adjustment are as follows: expanding ODA's strategic function to service for Japan's “normal country” strategic objective, and counterbalancing China in line with the US “Asia-Pacific rebalancing” strategy. For China, Japan's targeted ODA increases the complexity of the neighboring diplomacy and the pressure of competition during the construction of the “Belt and Road.” China needs to set up diplomatic consciousness of closeness and non-closeness, create several models through aid and investment, and moderately expand military aid.
Experts generally believe that the docking of the Silk Road Economic Belt (SREB) and Eurasian Economic Union (EEU) is a methodological error because EEU is an international organization of economic integration and a political institution, while the SREB is just an initiative which will be supported by specific infrastructure and industrial project. As a result, SREB-EEU docking is impossible. This paper argues that the integration of world economy has objectively provided necessary conditions for the docking of the SREB and EEU. In this paper, multi-perspective analysis of the Shanghai Cooperation Organization（SCO） has proved that SCO is an important platform for SREB-EEU docking. Two aspects of the docking roadmap have also been set and deeply discussed in this paper, namely the docking of both soft environment and hard environment.
The Silk Road Economic Belt initiative of China is a cooperation conception of connecting regional economy of Eurasia. The Eurasian Economic Union (EAEU) lies in the hinterland of Eurasia, which served as a link and bridge between East Asian economic circle and that of the Europe. The cooperation between the two will be the engine of development of the Eurasia regional economy. The whole framework of cooperation needs principles such as open and inclusive, market-orienting, equality and mutual reciprocity as well as cooperation and win-win. These principles should be observed by all parties. The whole framework of cooperation needs the establishment of a mechanism, in which China and the governments as well as enterprises of the EAEU are linked at multiple levels. The cooperation also needs to be optimized in areas, such as infrastructure, interconnection, production capacity, and finance. As regard to the approach, we should positively conduct dialogue and cooperation with the EAEU, constructively develop partnership with Russia, and make full use of the platform of Shanghai Cooperation Organization. The final goal of the cooperation is making a new cooperative model of regional economic cooperation by the cooperation between China’s Silk Road Economic Belt and the EAEU.
After the 2008 global financial crisis, global governance model transformation has become a hot topic for the international community. Against the background of the power transfer, governance failure, and evolving of the global governance, the State-centric governance model is unsustainable. Therefore, promoting the transformation of the global governance model seems necessary and urgent. Based on different theories of governance, this paper suggests that global governance should be put forward to the direction of multiple level of collaborative governance. The specific transitional path includes: to promote the diversification of the governance body, to reform and improve the governance mechanism, to innovate the concept of governance, and to promote the interaction of governance systems. As an important governance body, China’s attitude towards global governance model transformation is generally positive. However, there are some doubts. Therefore, it is vital to enhance capacity, foster non-governmental organizations, and deal with the dual national identity properly, so as to adapt to the governance model transformation and play an active role in the transformation.
