I think it was much to the point the reason for the establishment of this institute which focused on Northeast Asia, where former Eastern and Western bloc countries neighbor each other, and which attempted to develop together in a new partnership.
Since 1993, as a result of the cooperation among northeast Asian countries, Asia has developed and become "the workshop of the world," leading the global economy. However, the Asian growth model as "the workshop of the world" may have reached a turning point. The growth rate of the Asian economy has slowed since the global financial crisis of the late 2000s.