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Seoul Journal of Economics
[ Article ]
Seoul Journal of Economics - Vol. 24, No. 2, pp.197-220
ISSN: 1225-0279 (Print)
Print publication date 30 May 2011
Received 27 Oct 2010 Revised 13 Dec 2010 Accepted 14 Mar 2011

Building an Integrated Trans-border Economic Region between Busan and Fukuoka

Naoto Takaki ; Jung Duk Lim
Executive Vice President, Kyushu Economic Research Center, 1-9-48, Daimyo, Chuo-ku, Fukuoka 810-0041, Japan, Tel: +81-92-721-4900, Fax: +81-92-716-4710 takaki@kerc.or.jp
Corresponding Author, Professor Emeritus, Department of Economics, Pusan National University, Jang-jeon Dong, Busan, Korea, Tel: +82-16-9280-6277 jdlim@pusan.ac.kr

JEL Classification: R58

Abstract

With an overview of the increasing local-to-local interaction between Fukuoka and Busan, this article discusses the impact of trans-border interactions on the tourism, logistics, and manufacturing industries in these cities with reference to the case of the Øresund trans-border cooperation between Denmark and Sweden. As a response to increased interaction, Busan and Fukuoka agreed to build an integrated trans-border economic region in 2009. However, such issues as integrated business environment and trans-border industrial cooperation must be addressed in order to achieve the goal of integrated development across the border. On an optimistic note, this paper concludes that the creation of the Busan-Fukuoka region can result in a model for cross-border cooperation in Northeast Asia.

Keywords:

Trans-border economic zone, Japan-Korea Strait, Intra-industry trade, Busan-Fukuoka

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