Indo-Pacific Economic Framework – a New Form of Transregional Partnership

Authors

  • Boris Aronovich Kheyfets Russian academy of Sciences, Financial University under the Government of the Russian Federation

DOI:

https://doi.org/10.24412.2072-8042-2023-2-94-101

Keywords:

transregionalization, mega-partnership, Indo-Pacific Economic Framework, cumulative integration, US strategy

Abstract

The article considers the features of the new transregional economic mega-partnership within the Indo-Pacific Economic Framework (IPEF), created in 2022. Unlike other transregional macro-partnerships, IPEF responds to the current challenges of the global economy and allows its participants not to take on excessive obligations that might limit their national sovereignty. Such partnership expands the areas for mutual cooperation in terms of involving countries with different levels of economic development, as well as a gradual strengthening of cooperation on these issues.

Author Biography

Boris Aronovich Kheyfets, Russian academy of Sciences, Financial University under the Government of the Russian Federation

Doctor of Economic Sciences
Place of work, post: Institute of Economics, Russian academy of Sciences - Chief Researcher, Financial University under the Government of the Russian Federation, Chief Researcher

Published

2024-01-25

How to Cite

Kheyfets, B. A. (2024). Indo-Pacific Economic Framework – a New Form of Transregional Partnership. Russian Foreign Economic Journal, (2), 94–101. https://doi.org/10.24412.2072-8042-2023-2-94-101

Issue

No. 2 (2023)

Section

International trade