GEOECONOMIC FRAGMENTATION AND QUADRILATERAL SECURITY DIALOGUE: DIT IT COME TO CHANGES IN RELATIONS IN THE INDO-PACIFIC REGION

Maksimović, Marijana and Stanković, Đurđica (2026) GEOECONOMIC FRAGMENTATION AND QUADRILATERAL SECURITY DIALOGUE: DIT IT COME TO CHANGES IN RELATIONS IN THE INDO-PACIFIC REGION. Economic Thought and Practice. ISSN 1848-963X (Online)

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Abstract

Geo-economic fragmentation has become increasingly apparent through recent changes in the global economy. Major powers, particularly the United States, China, Russia, and India, are seeking to strengthen their positions in international markets, contributing to the emergence of a multipolar order. This paper examines changes in international economic relations and networks, with a particular focus on the role of the Quadrilateral Security Dialogue (QUAD). An analytical approach was used to assess China’s role in the Indo-Pacific region, while a comparative method was applied to compare the QUAD with other regional frameworks and initiatives, including ASEAN, RCEP, IPEF, and developments in the South China Sea. The findings suggest that the QUAD functions primarily as a security framework while also supporting trade cooperation among its members. Consistent with the concept of middle powers, it seeks to influence the regional balance in the Indo-Pacific. However, trade diversification remains dependent on the development of other regional initiatives and their trade policies.

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