?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4119%2F&rft.title=Foreign+Investment+in+the+Foreign+Sector+in+the+Russian+Far+East+and+Potential+Market+Integration+with+Northeast+Asia&rft.creator=Tak%2C+K.&rft.description=Located+in+one+of+the+world's+most+resource-rich+regions%2C+the+Russian+Far+East+suggests+major+potential+interactions+with+some+of+the+fastest+growing+economies+in+Northeast+Asia%2C+namely%2C+Japan%2C+Korea+and+China.+Russian+economic+reform+and+opportunity+for+foreign+direct+investment+have+increased+the+chance+of+realizing+such+potential.+%0D%0A%0D%0AThe+primary+purpose+of+this+paper+is+to+investigate+the+role+of+South+Korean+investment+in+developing+the+forest+resources+of+the+Russian+Far+East+and+exporting+the+raw+materials+produced+to+Japan+and+South+Korea.+The+secondary+purpose+is+to+investigate+the+opportunities+for+and+constraints+on+the+realization+of+the+potential+economic+complementarity+present+among+the+three+countries.+The+Russian+Far+East+could+help+Japan+and+South+Korea+to+increase+the+security+of+resource+supply+for+the+two+countries'+economies%2C+whereas+the+Russian+Far+East+could+take+advantage+of+these+countries'+capital+and+technology+to+speed+up+regional+economic+development+and+the+region's+integration+into+the+Asia-Pacific+economy.+%0D%0A%0D%0AA+case+study+approach+is+used+for+the+analysis+in+this+study.+The+South+Korean-Russian+forestry+joint+venture+Svetlaya+was+selected+for+this+purpose.+The+case+study+reviewed+the+joint+venture's+three+year+operation+through+interviews+both+on+site+at+Svetlaya+and+in+the+head+office+of+the+Korean+investor+in+Seoul.+The+interviews+were+further+supported+by+a+field+visit+to+the+joint+venture's+project+site+in+Svetlaya%2C+Primorskiy+Kray.+%0D%0A%0D%0AThis+paper+suggests+that+foreign+direct+investment+is+the+most+powerful+agent+to+realize+the+resource+potential+as+well+as+to+increase+the+export+of+the+produced+raw+materials%2C+though+some+negative+attitudes+towards+foreign+investment+in+the+Russian+Far+East%2C+as+exhibited+in+the+case+study%2C+need+to+be+overcome.+This+study+also+concludes+that+a+definite+interest+in+forestry+investment+exists+in+the+Russian+Far+East%2C+though+political+and+economic+instability+are+the+largest+barriers+to+attracting+foreign+investments+in+the+short+term.+A+broad+vision%2C+other+than+maximizing+short-term+financial+gain%2C+is+required+for+future+forestry+investments+in+the+region.&rft.publisher=WP-94-092&rft.date=1994-11&rft.type=Monograph&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=https%3A%2F%2Fpure.iiasa.ac.at%2Fid%2Feprint%2F4119%2F1%2FWP-94-092.pdf&rft.identifier=++Tak%2C+K.+%3Chttps%3A%2F%2Fpure.iiasa.ac.at%2Fview%2Fiiasa%2F1605.html%3E++(1994).++Foreign+Investment+in+the+Foreign+Sector+in+the+Russian+Far+East+and+Potential+Market+Integration+with+Northeast+Asia.+++IIASA+Working+Paper.+IIASA%2C+Laxenburg%2C+Austria%3A+WP-94-092+++++