Integrating Remittance Economies Into the Indo‐Pacific Economic Framework (IPEF): Pathways to Resilience and Inclusive Growth

ABSTRACT The Indo‐Pacific Economic Framework for Prosperity (IPEF) focuses on trade promotion, supply chain resilience, clean energy, and a fair economy to promote regional economic integration and resilience. This article explores the potential for incorporating the remittance economy into the IPEF framework and looks at its impact on economic stability and development in the Indo‐Pacific region. Remittances, an important source of foreign exchange and household income for many Indo‐Pacific countries, play a critical role in poverty alleviation, education, healthcare, and the growth of local economies. However, the framework does not currently include explicit mechanisms to capitalize on these financial flows. By analyzing the alignment between remittance economies and IPEF objectives, the article explores how digital financial instruments, policy harmonization, and reduced transaction costs can integrate remittance strategies into the framework. The findings suggest that the inclusion of remittance strategies can improve financial inclusion, reduce economic vulnerabilities, and promote sustainable regional development. While remittances and IPEF pillars can be complementary, tensions arise between their long‐term objectives. This study highlights the transformative potential of remittances in shaping resilient economies, while underscoring the need for strategic policy alignment to maximize their impact in the context of IPEF ambitions for an inclusive Indo‐Pacific region.

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Publication Details

Journal
World Affairs
Published
2025-10-12
DOI
https://doi.org/10.1002/waf2.70038
Citations
1
Primary Topic
Migration and Labor Dynamics
Type
article
Field-Weighted Citation Impact
4.20
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article

Integrating Remittance Economies Into the Indo‐Pacific Economic Framework (IPEF): Pathways to Resilience and Inclusive Growth

AKM Ahsan Ullah
1 citations
World Affairs
Migration and Labor Dynamics
4.20
article

Integrating Remittance Economies Into the Indo‐Pacific Economic Framework (IPEF): Pathways to Resilience and Inclusive Growth

AKM Ahsan Ullah
article en
1 citations

Abstract

ABSTRACT The Indo‐Pacific Economic Framework for Prosperity (IPEF) focuses on trade promotion, supply chain resilience, clean energy, and a fair economy to promote regional economic integration and resilience. This article explores the potential for incorporating the remittance economy into the IPEF framework and looks at its impact on economic stability and development in the Indo‐Pacific region. Remittances, an important source of foreign exchange and household income for many Indo‐Pacific countries, play a critical role in poverty alleviation, education, healthcare, and the growth of local economies. However, the framework does not currently include explicit mechanisms to capitalize on these financial flows. By analyzing the alignment between remittance economies and IPEF objectives, the article explores how digital financial instruments, policy harmonization, and reduced transaction costs can integrate remittance strategies into the framework. The findings suggest that the inclusion of remittance strategies can improve financial inclusion, reduce economic vulnerabilities, and promote sustainable regional development. While remittances and IPEF pillars can be complementary, tensions arise between their long‐term objectives. This study highlights the transformative potential of remittances in shaping resilient economies, while underscoring the need for strategic policy alignment to maximize their impact in the context of IPEF ambitions for an inclusive Indo‐Pacific region.

World AffairsVol. 188(4)
Universiti Brunei Darussalam (BN)
Openalex Percentile: Top 5%
Migration and Labor Dynamics
4.20
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