Asian Economies Pivot Toward Regional Integration as Intra-Regional Trade and Investment Rise

Intra-Asian trade and investment are increasing as the region pivots away from exporting to Western markets. Supply chains, banking, and infrastructure projects are becoming more regionally focused.
With slowing growth in China, companies are looking to diversify supply chains in India and Southeast Asia. Meanwhile, Japan and South Korea are also boosting investment.
Demographic and economic changes, like aging populations and rising consumption, are fueling cross-border investment within Asia.
More trade deals and urbanization will further integrate ASEAN economies. Consumption growth will boost intra-regional trade.
As business cycles synchronize across Asia, the continent will be less beholden to the West. Economic and political dynamics will be driven more by regional forces.

economist.com

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Posted 9/19/2023, 7:14:59 PM