Regional Inter-Dependence and Vietnam-Korea Economic Relationship

Abstract

The world is changing, and more critical changes have been witnessed in East Asia with the emergence of China, which has shaped the economic and geopolitics patterns and inter-dependence among countries. This book aims at investigating the trade and investment dependence of Vietnam on Korea given the increasing economic integration and the more unstable geopolitics in the region. It makes clearer the concept of trade bilateral dependence with the presence of the third parties. By using spatial gravity approach, it also points out the importance of geopolitics factor as well as FTAs in determining the trade and investment flows. The role of some major regional economies should not be neglected. Either the improvement in their institution or their economic slowdown significantly influences the trade and investment relation of Korea and Vietnam.