How could US trade policies impact Southeast Asia? Credit: IBM MaerskIDG
Business Management

How could US trade policies impact Southeast Asia?

Over the last decade, the Association of Southeast Asian Nations (ASEAN) has emerged as one of the world’s fastest growing markets. However, despite its expansive growth, the emerging markets evolving from its neighbour China means very little attention has thus far been paid to the bloc.

Now, as China finds itself caught in a trade war with the US, there’s a question as to whether Southeast Asia is going to feel any of the impact from the fallout. The ASEAN bloc relies heavily on its trade links with China and any protectionist and unilateral measures levelled against one country by another could have a serious impact on the global economy.

So, what does the future hold for one of the world’s fastest evolving consumer markets? We take a look into Southeast Asia’s trading history and if Trump’s trade war really is going to spell disaster for the bloc.

Southeast Asia’s Trading History

While the 10 countries that make up the region weren’t the most economically developed when the intergovernmental organisation was first formed in 1967, its potential for growth has always been immense.

Today, if the region was a single economy, it would be the fifth largest in the world, boasting a GDP of US$2.8 billion in 2018 and a population larger than European Union or North America.

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Charlotte Trueman

Charlotte is Staff Writer at IDG Connect. She is particularly interested in the impact technology will have on the future of work and promoting gender diversity throughout the tech industry.

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