Interaction of the economies of Asia-Pacific region in the AUKUS alliance

Aleksey S. Kharlanov () and Ivan Molchanov ()
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Aleksey S. Kharlanov: Diplomatic Academy of the Ministry of Foreign Affairs of Russia
Ivan Molchanov: Diplomatic Academy of the Ministry of Foreign Affairs of Russia

Economic Consultant, 2022, vol. 3, issue 3, 4-13

Abstract: Introduction. The relevance of the present research lies in the importance of the Asia-Pacific region (APAC), an international trade and investment hub, making its transformation significant for the world economy. Increasing economic growth and strengthening the Asia-Pacific community in the context of the AUKUS alliance is essential for understanding contemporary global processes and their impact on the future. The article aims: to study the interaction of the economies of APAC in the conditions of the AUKUS alliance. Materials and Methods. Publications in peer-reviewed journals on economics, international relations, security, and politics were used. Research methods included analyzing official documents and comparing AUKUS with other blocs and alliances to assess differences and similarities in approaches to security. Results. Construction of a new economic order in the countries of the modern Silk Road becomes a determining factor for forming anti-Western financial space, attracting investments, and spreading the Celestial Empire’s soft power. Conclusion. The AUKUS alliance significantly affects the economic interaction between the countries of APAC, creating new opportunities and causing potential threats for both the alliance members and independent countries of the area.

Keywords: APAC; AUKUS; China; economic interaction; India; Russia; USA (search for similar items in EconPapers)
JEL-codes: F02 F15 (search for similar items in EconPapers)
Date: 2022
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