Preface Contributors Introduction and Overview Chapter 1. Broad Issue of Economic Partnerships Trans-Pacific Partnership: Priority Issue of the APEC 2011 Honolulu Ippei Yamazawa Big Brother in Pacific Cooperation Study APEC 2011 Honolulu APEC Achieves Free Trade by 2020 A Paradigm Shift in the Regional Integration TPP toward FTAAP APEC Pushes Up FTAAP Prospects for a China-Japan-Korea FTA: Light at the End of the Tunnel 1. Introduction 2. Trends of Trade between China, Japan and Korea 3. Developments Related to the CJK FTA 4. Reasons Why a CJK FTA is Likely to be Realized in the Coming Years 5. Closing Remarks: Role of a CJK FTA in Asia Pacific Economic Integration Chapter 2. Regional Financial Cooperation The Establishment of the NEADB and the Countermeasure of Local Government: From Conception to Promotion 1. Introduction 2. Review of the World Development Finance System 3. The Experiences of New Regional-level Development Banks 4. Financial Cooperation in East Asia after the Asian CurrencyCrisis 5. Proposal for New Financial Cooperation Framework 6. Conclusion The Necessity and Feasibility for Establishing the Northeast Asian Bankfor Cooperation and Development (NEABCD) 1. The Necessity for Establishing the NEABCD 2. The Feasibility for Establishing the NEABCD 3. The Financing Requirements and Management of Cross-Border Projects in Northeast Asia 4.Purpose, Character and Principle of Northeast Asia Bank for Cooperation and Development Review of Accounting Policies and Operating Methodologies for Existing Development Banks 1. Introduction 2. Regional Development Banks by Each Area and External Auditors 3. Functional Currency, Reporting Currency and Capitals 4. Generally Accepted Accounting Principles (GAAP) 5. Ordinary Capital Resource vs. Special Funds 6. Risk Management 7. Tax Exemption 8. Conclusion Appendix: Illustration of Loan Policy and Borrowing Policyfor Other Existing Development Banks Chapter 3. Financing Infrastructure Development in Northeast Asia A Case for Financing Cross-Border Infrastructure: Russia and Mongolian Resources Issues in Financing Cross-Border Infrastructure Projects A Solution: The Northeast Asian Bank for Cooperation and Development Appendix Towards an Integrated Regional Logistics System 1. Introduction 2. Globalization and Maritime Trade 3. Port Expansion, Containerization and Institutional Reform 4. Supply Chain Management and Port 5. Transforming Ports into Logistics Centers: 6. Developing the Regional Logistics System for Northeast Asia 7. PPP for Regional Logistics System 8. Conclusion Korea-Financing Plans for the Development of Northeast Asia 1. Introduction 2. Need for Development Financing in Northeast Asia 3. Financing Plans for the Development of Northeast Asia 4. Summary and Conclusion Vision for Korea-Japan Economic Cooperation: The Construction of a Korea-Japan Undersea Tunnel 1. Introduction 2. Review on the Japanese-side Study 3.Major Discussion Points and a Basic Concept from Korean Perspectives 4. Impact Estimate of the Tunnel 5. Policy Suggestions Appendix