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Economic Integration in East Asia and Its Implications for Japan and the United States

The 21st century has often been called the Asian Century, and the United States has an important stake and role to play in the region’s growing significance. East Asia in particular is becoming increasingly important as it accumulates economic, political, military, and social might. The region, composed of diverse actors with sometimes difficult relationship, is slowly integrating and faces challenges in this process and in the larger process of globalization.

China’s ability to maintain its spectacular growth will be perhaps the main determinant of the Asian Century. All regional actors, including Japan and the United States, will have opportunities to benefit from China’s growth, but will also become increasingly vulnerable to economic downturns in China.

The Center for Northeast Asian Policy Studies (CNAPS) at the Brookings Institution and the Keizai Koho Center (KKC) co-hosted a conference in Tokyo on May 21 to examine these trends. Leading experts from Japan, the United States, China, Hong Kong, Korea, and Taiwan discussed regional integration, a sustainable Chinese economy, and the impact of the United States on the region. Speakers included a number of Brookings scholars and former and current CNAPS visiting fellows.

Agenda

Keynote Speech I

H

Hiromasa Yonekura

Vice President, Nippon Keidanren; Chairman, Nippon Keidanren Committee on Promotion of Economic Partnerships; President, Sumitomo Chemical Co., Ltd.

Opening Remarks

A

Akihiko Tanaka

Professor - Institute for Advanced Studies on Asia, University of Tokyo

Keynote Speech II

M

Mitoji Yabunaka

Deputy Minister for Foreign Affairs, Ministry of Foreign Affairs

Panel 1: Economic Integration in East Asia and Its Implications on the U.S. and Japan

T

Takashi Shiraishi

Vice President and Professor, National Graduate Institute for Policy Studies

Wonhyuk Lim

Director, Global Economy Research - Korea Development Institute

C

Cuh Shulong

Professor and Deputy Director, Institute of International Strategic and Development Studies, Tsinghua University; Current CNAPS Visiting Fellow

Panel 2: A Sustainable Chinese Economy and Its Impact on the World Economy

C

Chang Ka Mun

Manager Director, Li & Fung Development (China), Ltd.; CNAPS Advisory Council member

L

Long Guoqiang

Research Fellow - Development Research Center of State Council

P

Paul S.P. Hsu

President, Epoch Foundation and Chairman and CEO, PHYCOS International Co.

Panel 3: Foreign and Trade Policies of the U.S.

A

Akihiko Tanaka

Professor - Institute for Advanced Studies on Asia, University of Tokyo

K

KYONGSOO LHO

Professor of International Politics, Seoul National University; Former CNAPS Visiting Fellow

D

Ding Xinghao

President and Senior Fellow, Shanghai Institute of International Studies; CNAPS Advisory Council member

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