IPEF: New cold war weapon backfires

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David Legge Avatar

Ong Kar Jin and Jomo Kwame Sundaram, 15 November 2023. Originally published by IPS News and also on NetworkIdeas. / /

US President Joe Biden’s Indo-Pacific Framework for Prosperity (IPEF) is the economic arm of his administration’s Indo-Pacific Strategy, aimed at countering China’s influence in the region.

Despite its lofty pronounced goals, IPEF’s shortcomings expose a disconcerting lack of political will, inconsistent trade policies, and US inability to match China’s infrastructure initiatives.

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