An Indo-Pacific Economic Corridor-Premises and Implications of the U.S.Project

Sebastian Bobowski , Paweł Pasierbiak

Abstract

Indo-Pacific Economic Corridor (IPEC) project is aimed at promotion of stability and prosperity of South and Southeast Asian economies, using funds managed by the U.S. State Department. Among key activities under IPEC there is an advancement of regional economic connectivity to reach four objectives: to foster economic growth and regional trade in South Asia; to increase private sector competitiveness in the region by enhancing the business environment; to engage the private sector on economic issues, particularly regional trade in South Asia and trade between South and Southeast Asia; to encourage stronger economic integration between South and Southeast Asia, engaging with regional institutions and international financial institutions. The IPEC’s vision addresses physical infrastructure, trade integration, energy markets, as well as people-to-people relations. IPEC may be considered through the prism of hegemonic rivalry with China’s Belt and Road Initiative over the influences in the Indian Ocean Rim, Asia-Pacific and Eurasia. Thus, IPEC might be a framework within which the U.S. – in close cooperation with Asian powers (e.g. India, Japan) would attempt to determine the future economic and geopolitical order, whereas countering China’s ambitions. The main objective of the paper is to identify major premises and implications of the IndoPacific Economic Corridor project.
Author Sebastian Bobowski (ES / DIER)
Sebastian Bobowski,,
- Department of International Economic Relations
, Paweł Pasierbiak
Paweł Pasierbiak,,
-
Pages205-214
Publication size in sheets0.5
Book Loster Tomas, Pavelka Tomas (eds.): The 12th International Days of Statistics and Economics : Conference Proceedings, 2018, MELANDRIUM, ISBN 9788087990148, 2063 p.
Keywords in EnglishIndo-Pacific Economic Corridor, economic integration, physical connectivity
URL https://msed.vse.cz/msed_2018/article/210-Bobowski-Sebastian-paper.pdf
Languageen angielski
File
Bobowski_Pasierbak_An_Indo-Pacific_Economic_Corridor-Premises_and.pdf 519,69 KB
Score (nominal)15
ScoreMinisterial score = 15.0, 02-07-2019, ChapterFromConference
Citation count*
Cite
Share Share

Get link to the record


* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
Back