An Indo-Pacific Economic Corridor-Premises and Implications of the U.S.Project
Sebastian Bobowski , Paweł Pasierbiak
AbstractIndo-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.
|Publication size in sheets||0.5|
|Book||Loster Tomas, Pavelka Tomas (eds.): The 12th International Days of Statistics and Economics : Conference Proceedings, 2018, MELANDRIUM, ISBN 9788087990148, 2063 p.|
|Keywords in English||Indo-Pacific Economic Corridor, economic integration, physical connectivity|
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