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National Interests: Priorities and Security
 

The Agreement on Trans-Pacific Strategic Economic Partnership. Ensuring economic security of Japan: Economic patronage of the government and the Central Bank

Vol. 12, Iss. 12, DECEMBER 2016

PDF  Article PDF Version

Received: 6 July 2016

Received in revised form: 29 August 2016

Accepted: 22 September 2016

Available online: 23 December 2016

Subject Heading: INTERNATIONAL ECONOMIC RELATIONS

JEL Classification: N45, O19

Pages: 153-163

Gordienko D.V. Russian Presidential Academy of National Economy and Public Administration, Moscow, Russian Federation
gordienko@ane.ru

Importance The article discusses prospects of change in the economic security of Japan, while it participates in the Trans-Pacific Partnership.
Objectives The research represents a comparative evaluation of economic security of Japan and member countries of the Trans-Pacific Partnership as part of economic patronage of governments and central banks of the countries.
Methods The research reviews Japan’s economic security indicators. Using statistical and econometric methods, I evaluated how economic security of Japan might change as part of economic patronage of the government and Central Bank of the country.
Results The article proposes an approach to a comparative evaluation of changes in economic security of Japan and member countries of the Trans-Pacific Partnership. The approach facilitates identifying priorities of the national government’s economic policies under the current circumstances.
Conclusions and Relevance The economic security level of Japan can be presented as multiplicands describing whether its national economy is protected. I conclude that the Trans-Pacific Strategic Economic Partnership Agreement should set forth new regulations of global trade, suggest new standards, considering new trends in global development, and increasing the economic security level of Japan and other member countries of the Trans-Pacific Partnership.

Keywords: Asia Pacific, global financial crisis, economic crisis, economic security

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