외교안보연구소 발간자료

East Asia's International Relations and National Strategies as Reflected in East Asian Regional Cooperation

East Asia's International Relations and National Strategies as Reflected in East Asian Regional Cooperation

East Asia's International Relations and National Strategies as Reflected in East Asian Regional Cooperation

대한민국

East Asia’s International Relations and National Strategies 
as Reflected in East Asian Regional Cooperation
LEE, Jaehyon
 Visiting Professor
East Asian regional cooperation, which 
traces their beginning to the 1997 
Asian financial crisis, has continued 
well into present times. However, it 
has been observed that impetus of 
regional cooperation was significantly 
weakened after the mid-2000s. 
Despite a number of progress made during this period, 
including multilateralization of Chiang-Mai Initiative, 
the following elements are known to have contributed to 
weakening East Asian regional cooperation. First of all, 
regional leadership seems to be missing in East Asia 
region after the mid-2000s. Also, a sense of crisis 
brought on by the Asian financial crisis is now receding. 
Global financial crisis, on the other hand, drove East 
Asian countries to concentrate on finding ways for their 
individual survival rather than uniting with other East 
Asian countries at the regional level. However, 
continuous efforts have been made behind the scenes to 
seek for a new path along with ongoing competition over 
the leadership role in the region. As those efforts have 
finally come to the surface in recent years, they are now 
positioning themselves as an important variable in 
regional order and cooperation of East Asia. This report 
is aimed at reviewing what those variables are and in 
which direction they have evolved up to now. Based on 
such analysis, the most appropriate policy position of the 
Korean government will be suggested.

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ENG