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.
Authors
- AKM Ahsan Ullah (ORCID: https://orcid.org/0000-0003-1441-141X)
Institutions
- Universiti Brunei Darussalam (BN)
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