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Japan's Strategy for Economic Cooperation with Asian Countries

Author

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  • Yasuyuki Sawada

    (Professor, Graduate School of Economics, University of Tokyo)

Abstract

As Asia has made remarkable progress in economic development and poverty reduction, the global balance of economic power, in which the United States, Japan and Europe have acted as the three major forces, is changing drastically. In light of the new development, this paper discusses what kind of economic cooperation strategy Japan should pursue in Asia from the perspective of the official development assistance (ODA) strategy. There is an ongoing change in the global trend of ODA, as emphasis is shifting drastically from support for growth to direct assistance for poverty reduction, from bilateral assistance to multilateral assistance, and from transfer of public funds to public-private partnership. We also see the growing importance of assistance and international cooperation provided not only by China as an emerging donor but also by South Korea, which has recently become a formal member of the Development Assistance Committee (DAC), and non-governmental organizations (NGOs) such as the Bill and Melinda Gates Foundation and private companies.

Suggested Citation

  • Yasuyuki Sawada, 2014. "Japan's Strategy for Economic Cooperation with Asian Countries," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 10(1), pages 53-76, March.
    • Handle: RePEc:mof:journl:ppr024c
    as

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    File URL: https://warp.da.ndl.go.jp/info:ndljp/pid/11217434/www.mof.go.jp/english/pri/publication/pp_review/ppr024/ppr024c.pdf
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    References listed on IDEAS

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    Cited by:

    1. Helmut Reisen, 2015. "Will the AIIB and the NDB Help Reform Multilateral Development Banking?," Global Policy, London School of Economics and Political Science, vol. 6(3), pages 297-304, September.
    2. Xiaoguang Wang, 2020. "Leadership-building dilemmas in emerging powers’ economic diplomacy: Russia’s energy diplomacy and China’s OBOR," Asia Europe Journal, Springer, vol. 18(1), pages 117-138, March.
    3. Momita, Yasuaki & Matsumoto, Tomoya & Otsuka, Keijiro, 2019. "Has ODA contributed to growth? An assessment of the impact of Japanese ODA," Japan and the World Economy, Elsevier, vol. 49(C), pages 161-175.
    4. Werner Pascha, 2020. "The quest for infrastructure development from a “market creation” perspective: China’s “Belt and Road”, Japan’s “Quality Infrastructure” and the EU’s “Connecting Europe and Asia”," International Economics and Economic Policy, Springer, vol. 17(3), pages 687-704, July.

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    Keywords

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    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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