Advertisement

Transformation of the Economic Model in Asia-Pacific Region: Implications for Russia’s Far East and Siberia

  • Igor A. Makarov
Chapter
Part of the International Political Economy Series book series (IPES)

Abstract

With the ‘turn to the East’ in Russian foreign policy, the development of the Russian Far East has become one of the priorities of Russian government that has made various attempts to integrate it into the economy of the Asia-Pacific region (APR). This integration should be driven by mutual interest, not only based on Russia’s vision of the prospects of its Eastern territories but also on APR countries’ demand for their involvement. This chapter argues that this demand is changing now because of the transformation of the economic model in APR countries. This transformation includes four shifts: (1) from extensive export-oriented economic growth towards an intensive one based on growing internal demand; (2) from primitive labour-intensive products towards relatively high-quality and high-tech ones; (3) from dominating exports to developed countries towards orientation to intraregional markets; (4) from rapid development in coastal areas towards fast economic growth at the former periphery. These shifts generate demand for resource-intensive (energy, land, water) consumer goods as well as infrastructure connecting new APR growth areas with territories where these goods are produced. The main opportunity of Russia’s Far East to integrate into the APR is through meeting this demand. For this purpose some approaches and principles of Russian Far Eastern policy should be revised.

Keywords

Economic Growth Western Province Asian Tiger Economic Growth Model Periphery Country 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Bibliography

  1. Akamatsu, K. (1962). A historical pattern of economic growth in developing countries. Journal of Developing Economies, 1(1), 3–25.CrossRefGoogle Scholar
  2. Bordachev, T. V., & Barabanov, O. N. (2012). Toward the great ocean, or the new globalization of Russia. S. A. Karaganov (Ed.), Moscow: Valdai Discussion Club.Google Scholar
  3. Bordachev, T. V., Bezborodov, A.A., Gabuev, A. T., Kuzovkov, K. V., Makarov, I. A., Makarova, E. A. et al. (2015). Toward the great ocean–3. Creating Central Eurasia. The silk road economic belt and the priorities of the Eurasian States’ joint development. S. A. Karaganov (Ed.), Moscow: Valdai Discussion Club.Google Scholar
  4. Bordachev, T. V., Likhacheva, A. B., & Zhang X. (2014). What Asia wants, or the “Four C’s”: Consumption, connectivity, capital & creativity. Valdai International Discussion Club Publication No. 1. Moscow: Valdai International Discussion Club.Google Scholar
  5. Bulman, S. (2010). China and the financial crisis. Stanford Journal of East Asian Affairs, 10(2), 20–38.Google Scholar
  6. Denisov, I. E. (2015). China going west. The Silk Road to bring Beijing out of the shadows. Russia in Global Affairs, 13(1), 108–115.Google Scholar
  7. Devonshire-Ellis, C. (2014). China-ASEAN wage comparisons and the 70 pe rcent production capacity benchmark. China Briefing. Retrieved June 3, 2014, from http://www.china-briefing.com/news/2014/06/03/china-asean-wage-comparisons-70-production-capacity-benchmark.html
  8. Efimov, V. S., & Kryukov, V. A. (2014). Russia: Eastern vector. Proposals for development strategy of Siberia and the Far East. Krasnoyarsk: Siberian Federal University.Google Scholar
  9. Energy Research Institute of Russian Academy of Science, Analytical Center of the Government of the Russian Federation (2014). Global and Russian energy outlook to 2040. Moscow: ERI RAS—ACRF.Google Scholar
  10. Gabuev, A. T. (2015). Turn to nowhere: Results of Asian policy of Russia in 2015. Moscow Carnegie Center. Retrieved December 29, 2015, from http://carnegie.ru/commentary/2015/12/29/ru-62369/ioe2
  11. Grigoryev, L. M., & Kulpina, V. P. (2011). China: Challenges of the new stage of development. In L. M. Grigoryev (Ed.), Global economy in the beginning of the 21st century. Moscow: Direct Media.Google Scholar
  12. Inozemtsev, V. L., Ponomarev, I. V., & Ryzhkov, V. A. (2012). Continent Siberia. Russia in Global Affairs, 10(12), 140–153.Google Scholar
  13. Inozemtsev, V. I., & Zubov, V. M. (2013). Siberian blessing. Moscow: Argamak-Media.Google Scholar
  14. Ivashentsov, G. A., Koroteev, S. S., & Melamed, I. I. (2014). Asia-Pacific region and Russian eastern territories. Moscow: URSS, Krasand.Google Scholar
  15. Knowler, G. (2015). Sourcing report reveals scale of China’s rising labor costs. Joc.com. Retrieved April 15, 2015, from http://www.joc.com/international-logistics/sourcing-report-reveals-scale-china%E2%80%99s-rising-labor-costs_20150415.html
  16. Kokoshin, A. A., et al. (2011). Development scenarios for eastern Siberia and Russia’s Far East in the context of the political and economic dynamics of the Asia-Pacific region up to 2030. Moscow-Irkutsk: URSS.Google Scholar
  17. Korostikov, M. (2016). Lessons of Chinese. Kommersant-Vlast. Retrieved February 8, 2016, from http://www.kommersant.ru/doc/2906658
  18. Krupnov, Y., et al. (2013). Siberia as a new Central Russia. How the south of Western Siberia will become an economic center of the planet. Moscow: Institute of Demography, Migration and Regional Development.Google Scholar
  19. Likhacheva, A. B., & Makarov, I. A., (2014). The virtual water of Siberia and the Russian Far East for the Asia-Pacific region: Global gains vs regional sustainability. Paper No. WP BRP 10/IR/2014, Higher School of Economics Research.Google Scholar
  20. Likhacheva, A. B., Makarov, I. A., & Savelyeva, A. V. (2010). Daily bread and water. Russia in Global Affairs, 8(4), 80–93.Google Scholar
  21. Makarov, I. A., Barabanov, O. N., Bordachev, T. V., Kanaev, E. A., Larin, V. L., & Ryzhkov V. A. (February 2014). Toward the great ocean—2, or Russia’s breakthrough to Asia. S. A. Karaganov (Ed.), Moscow: Valdai Discussion Club.Google Scholar
  22. Makarov, I. A., Makarova, E. A., Bordachev, T. V., Kanaev, E. A., Litvinova, Yu. O., Likhacheva, A. B., et al. (2016). Turn to the east. Development on Siberia and Far East under strengthening of Asian vector in Russia’s foreign policy. I. A. Makarov (Ed.), Moscow: International Relations.Google Scholar
  23. Makarov, I. A., & Morozkina, A. K. (2015). Regional dimension of foreign direct investment in Russia. In R. Flores (Ed.), Drivers of regional integration: Value chains, investment and new forms of co-operation. Johannesburg: Economic Policy Forum (EPF) and South African Institute of International Affairs (SAIIA).Google Scholar
  24. Mitrova, T. (February 2014). The implications of global natural gas market developments for China. Oxford Energy Forum, 95, 13–16.Google Scholar
  25. Paik, K. W. (2015). Sino-Russian gas and oil cooperation: Entering into a new era of strategic partnership? The Oxford Institute for Energy Studies Paper WPM 59, April.Google Scholar
  26. Putin, V. V. (2012). Russia and the changing world. Moskovskie novosti, February 27. Retrieved from http://www.mn.ru/politics/78738
  27. Thornton, J. A. (2011). Institutional change and economic development in Siberia and the Russian Far East. Working Paper No. UWEC-2011-15, Department of Economics, University of Washington.Google Scholar
  28. Woo, W. T. (2012). China meets the middle-income trap: The large potholes in the road to catching-up. Journal of Chinese Economic and Business Studies, 10(4), 313–336.CrossRefGoogle Scholar
  29. Wyatt, T. (2014). The Russian Far East’s illegal timber trade: An organized crime? Crime, Law, and Social Change, 61(1), 15–35.CrossRefGoogle Scholar
  30. Xie, Y., & Zhou, X. (May 2014). Income inequality in today’s China. Proceedings of the National Academy of Sciences, 111(19), 6928–6933.Google Scholar
  31. Zadorozhniy A. (2016). How turn to the east failed. Znak.com, January 19. Retrieved from https://www.znak.com/2016-01-19/kitay_ne_spaset_putinomiku_i_ne_sobiralsya
  32. Zhang, H. (2015). Building the silk road economic belt: Challenges in Central Asia. Cambridge Journal of China Studies, 10(3), 17–35.Google Scholar
  33. Zhang, S., & Zhang, C. (January 2013). Chinese economy and reform after the 18th CCP national congress. A macroeconomic analysis. In Quarterly Economic Brief. Beijing: Asia Research Centre at Copenhagen Business School, Institute of Economics.Google Scholar
  34. Zhuang, J., Vandenberg, P., & Huang, Y. (2011). Growing beyond the low-cost advantage. How the People’s Republic of China can avoid the middle-income trap. Mandaluyong City: Asian Development Bank.Google Scholar

Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Igor A. Makarov
    • 1
  1. 1.Department of World EconomyNational Research University Higher School of EconomicsMoscowRussia

Personalised recommendations