Is the bleak economic circle along the Sea of Japan due to the lack of China?

Mondo Finance Updated on 2024-01-29

RingsSea of JapanEconomyAs an important sea area between the Eurasian continent and the Japanese archipelago, the circle has a unique geographical advantage. However, developmentEconomyIt is not just the geographical location that depends on it, but also historical and political factors that play an important role. RingsSea of JapanEconomyThe history of the circle can be traced back to the sixties of the last century, when Japanese scholars proposed to construct the theEconomyThe concept of the circle is aimed at solving the problem in JapanEconomythe problem of uneven development, and the promotion of multilateral cooperation among neighboring countries. However, due to the divergent interests of all parties, this concept has not been fully implemented. Until the beginning of the 21st century, ringsSea of JapanEconomyThe circle has once again attracted attention and received the attention of the best. Nowadays, the ringSea of JapanThe Regional Cooperation Forum became theEconomyAn important dialogue platform and cooperation mechanism of the circle.

However, despite the existence of a cooperative mechanism, the ringSea of JapanEconomyCircle inEconomyhas not yet achieved the desired results. According to the data, theEconomyThe total population of the circle is 3700 million, or 48%,EconomyThe total amount is 96 trillion US dollars, accounting for the worldEconomyof 115%, *Total is 27 trillion US dollars, accounting for 123%。As can be seen from these data,EconomyAlthough the scale and ** scale are not small, they are not outstanding compared to the proportion of the population, and even lower than the average. This suggests that the ringSea of JapanEconomyCircledEconomyThe development potential has not yet been fully realized, and there are a series of problems and obstacles.

First of all, the ringSea of JapanEconomyCircle of countriesEconomyThere are differences in structure, and there are large differences in the level of development. Japan and South Korea are developed countries dominated by high-tech and high value-added industries, while China, Russia, and North Korea are developing countries dominated by resource- and labor-intensive industries. This discrepancy leads to:EconomyThe complementarity between them is not strongEconomyCooperation has been limited and increasedEconomyFriction and contradictions.

Secondly, the ringSea of JapanEconomycircles within the countriesEconomyLinkages and links with other countries in the region are still relatively weak. Despite thatEconomyThe five countries of the circle are all important members of Northeast Asia, but within the regionEconomyContact with**InvestmentsThe level did not reach a higher level. According to statistics, the largest amount in the region only accounts for 18 of the total amount5%, while the amount outside the region accounted for 815%。This indicates that the degree of market openness and integration in the region is lowEconomyThere is still huge potential and room for cooperation.

In addition, ringsSea of JapanEconomyThe lack of effective coordination mechanisms and promotion capabilities in the circle has also become a constraintEconomyAn important factor in cooperation. Although there are some cooperation forums and mechanisms, their functions and roles are relatively limited. Lack of a unityAuthorityThere is also a lack of a clear, concrete and operational cooperation plan or roadmap for the efficient operation of regional cooperation organizations or institutions. This causedEconomyLack of uniformity in cooperation.

First, coordination is not in place, and there is also a lack of effective supervision, evaluation and support.

Despite the ringSea of JapanEconomyThe circle faces a series of problems and challenges, but it still has huge development opportunities and advantages. With the globeEconomyThe transformation and restructuring of the Northeast Asian region has become increasingly prominent and its role has become increasingly prominentSea of JapanEconomyCircle, as an important part of Northeast Asia, is expected to cooperate in the region andConnectivityplays a more important role.

First of all, the ringSea of JapanEconomyThe circle is rich in natural resources and human resources. The region is rich in energy, mineral resources and agricultural resources, and is developingEmerging industriesand pushSustainabilityThere is a lot of potential. At the same time, ringsSea of JapanThe region has a large population and abundant labor resourcesEconomyDevelopment has provided an important impetus.

Second, strengthen inter-regionalEconomyCollaboration helps optimizeEconomystructure to improve the countries of the regionEconomycomplementarity. By strengthening exchanges and cooperation, promoting the flow of technology, capital and talent will help to promoteEconomyOptimization and upgrading of the structure, improvingEconomyThe overall level of development.

Thirdly, strengthen the inter-regional peaceInvestmentscooperation to build a closer regional internal market, which can be further exploredEconomyPotential for collaboration. By lowering ** andInvestmentsBarriers, further integration of the market, expansion of the largest scale and largest amount in the region, will help to achieveEconomyMutual benefit and win-win.

Finally, strengthening the construction and development of regional cooperation mechanisms and formulating clear and specific cooperation plans and roadmaps can be strengthenedEconomyAbility to coordinate and promote cooperation. Establish a unityAuthority, efficient regional cooperation organizations or institutions, helping to improveEconomyThe effect and level of cooperation.

To sum up, the ringSea of JapanEconomycircle as a region with abundant resources, large population, geographical advantages, despite the currentEconomyThe development is relatively lagging behind, but there is still great potential and development prospects. By strengthening inter-regionalEconomyCollaborate, optimizeEconomystructure, building a close regional internal market, strengthening the construction of cooperation mechanisms, can promote the ringSea of JapanEconomyCircledEconomyProsperity and take-off. At the same time, giving full play to the role of China, the largest market and partner, will also be a ringSea of JapanEconomyThe development of the circle provides important support and motivation.

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