RUSSIA’S “CONTACT ZONE” WITH THE ASIA-PACIFIC REGION: THE FAR EAST
D.A. Izotov
Economic Research Institute of Far Eastern Branch of Russian Academy of Sciences, Khabarovsk, Russia
Keywords: foreign trade interactions, external barriers, a “turn to the East” strategy, Asia-Pacific region, North-East Asia, China, Russia, Far East
Abstract
The Russian Far East functions as a “contact zone" connecting the national economy with Asia-Pacific nations. Other things being equal, to fully unlock the potential of this region, it is essential to minimize the obstacles hindering its trade and economic engagement with foreign markets. Given the rising external barriers faced by the entire national economy, there is a growing possibility that the Far East of Russia may increasingly redirect trade toward China. This could lead to adverse consequences, as it would create an overreliance on a single foreign market.
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