Bulletin of the Japan Association for Comparative Economic Studies
Online ISSN : 1883-9800
Print ISSN : 1348-4060
ISSN-L : 1348-4060
Why did Japanese-Russian Economic Relations fall behind USA, China and Korea in the Risky Russian Market?
V.K. ZAUSAEV
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JOURNAL FREE ACCESS

2002 Volume 39 Issue 1 Pages 163-180,215

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Abstract
Dr. Zausaev's paper includes a very unique conception. As a common concept we have a vision that the Russian Far East is a vast land rich with natural resources. However, according to the authorl, (1) the Russian Far East does not have a large amount of land suitable for living, (2) economic payable resources are not many, (3) costs for living in this area and development of these resources in this area are very high and (4) therefore its enterprises are not competitive internationally. The main issue of this paper is "why Japanese-Russian economic relations falls behind USA, China and Korea in the risky Russian market?" His answer is as follows.
(1) In comparison with USA, the American government is much more eager to support enterprises launching into Russia, businessmen have a much more active entrepreneurship and invest money in oil and gas development projects. (2) Compared with China, there are more clear mutual benefits in the trade of labors, weapons and resources. (3) Compared with Korea, its exported goods to Russia have comparative advantages in price compared to Japanese one's and their quality is as bad as China's, at the same time the main capital extending to RFE are larger than the Japanese ones.
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