MARITIME SECURITY AND ITS IMPACT ON THE ECONOMIC DEVELOPMENT OF INDO-PACIFIC NATIONS

Abstract

Maritime security and other factors significantly define the economic growth and continued stability of countries within the Indo-Pacific region. Therefore, the rationale for this research is to understand the intricacy of maritime security and its relation to economic development among the major powers in the Indo-Pacific Region. The study emphasizes the correlation between security measures of trade flows and economic performance such as GDP rate, FDI, and employment rate. According to the findings which have revealed that factors like anti-piracy, naval, and international cooperation measures have achieved certain levels of trade flows, cost reductions, and better investor returns. On the other hand, the research demonstrates that security threats such as territorial conflicts and piracy are undesirable because they have negative impacts on the economic output in that they foster insecurity and increase costs. Thus, the study also emphasizes the required need for sustaining maritime security assets alongside paying emphasis on cooperation for economic growth and development in the region.