Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)

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Russia’s new East Asian policy: a rational strategy or a self-delusion?

Authors
Pavel Minakir, Olga Prokapalo, Alexander Goryunov
Corresponding Author
Pavel Minakir
Available Online May 2018.
DOI
10.2991/cssdre-18.2018.128How to use a DOI?
Keywords
Far East, Asian-Pacific region, institutions of development, foreign economic relations, economic integration
Abstract

Russia’s “new Eastern policy” was inaugurated in 2012, when the APEC Summit was held in Vladivostok. Since then the policy had retained its original intention of reorienting Russia’s economy towards East Asia, drawing it away in relative terms from Russia’s traditional economic partners in Europe. To some extent Russia was even successful in achieving the policy’s goal. However, the crisis caused by economic sanctions and the fall of oil prices in 2014 had caused a reformulation of both the role of East Asia in Russia’s foreign economic relations and the practical approaches Russia employs to achieve the “new Eastern policy’s” goal. This goal was effectively merged with that of developing the Russian Far East, which became seen as Russia’s platform for integration with East Asia. The approaches to the development of the Far East have also been affected by the shortage of public funds for meaningful development programs which necessitated a shift to a “creative institutional approach” to regional development. This paper explores these themes and their implications for the Russian Far East and Russia’s East Asian policy.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
May 2018
ISBN
10.2991/cssdre-18.2018.128
ISSN
2352-5428
DOI
10.2991/cssdre-18.2018.128How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Pavel Minakir
AU  - Olga Prokapalo
AU  - Alexander Goryunov
PY  - 2018/05
DA  - 2018/05
TI  - Russia’s new East Asian policy: a rational strategy or a self-delusion?
BT  - Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)
PB  - Atlantis Press
SP  - 630
EP  - 634
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-18.2018.128
DO  - 10.2991/cssdre-18.2018.128
ID  - Minakir2018/05
ER  -