The Russian Far East as a Border Macroregion in the Asia-Pacific

D. A. Izotov ()
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D. A. Izotov: Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences

Regional Research of Russia, 2024, vol. 14, issue 2, 262-271

Abstract: Abstract The Russian Far East serves as a border macroregion for the national economy with countries of the Asia-Pacific Region (APR). All else being equal, the effective realization of the potential of the Russian Far East is possible by reducing the barriers hindering its trade and economic interactions with different markets. Analysis of key development concepts of the Far East has indicated a gradual change in the goals and methods of expanding interactions between the macroregion and Asia-Pacific countries over the past three decades. The first half of the 1990s witnessed the inclusion of Russia in the discussion of different conceptual projects for joint development of the Far East with neighboring countries, including those involving deep economic integration within Northeast Asia (NEA). Later, as centripetal trends in Russia have intensified, development of the Far Eastern economy began to be determined by “resource transit,” i.e., extensive use of the transit and natural resource advantages of the Far East based on an exogenous increase in investment in the infrastructure for raw materials export to the Asia-Pacific market. It is shown that under such conditions A significant problem for the Far East is the blockage of effective economic institutions and the formation of an adaptive environment for them, as well as limitation of the optimal functioning of the economy in the export sector and sectors oriented towards the domestic market. An increase in the intensity of trade and economic interactions with the external market is revealed, caused by rapid expansion of the cross-permeability of the macroregional economy with the nearest NEA countries, reflected in the suppressed “autonomy” of the Far Eastern economy and its simplification in 2012–2021. In the current increase in exogenous barriers to the national economy, prerequisites are being created to divert trade flows from the Far East towards China, generating negative effects of forced ties to a single foreign market.

Keywords: trade; trade intensity; barriers; macroregion; turn to the East strategy; concept of development of the Far East; Asia-Pacific region; Northeast Asia; China; Russia; Far East (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1134/S2079970524600136

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