Regional Resilience in the face of Economic Security

The panel discusses the rise of “economic security” as a state’s goal to protect and enhance its economic resilience, fend off economic threats and coercion, and prevail in technological competition especially in the area of critical and emerging technology. The visible rise of national measures in pursuit of economic security such as export control or investment screening constitutes barriers to economic globalization, based on which many economies around the world have thrived for the last several decades. How can the global economies maintain the efficiency and connectivity based on its integrated production, while addressing the economic security issues? The panel examines how various economies of the Indo-Pacific region take quite different approaches from that of the US (“small yard, high fence”). As such, we examine how these governments are going about policy setting. We also address related questions including: How will regional institutions help? How would integrated production and regionally-based firms behave?