Why ASEAN Countries Often Run Trade Surpluses

Quick Summary:

Many of the region's economies have pursued a model of export-oriented industrialization that was once championed and encouraged by Washington.

Exporting excess production to foreign markets like the U.S.is no longer a reliable model of economic development, especially in the current geopolitical environment.

The result is that for decades the U.S.built and championed a system of global trade where emerging markets could industrialize by exporting surplus production to the rest of the world.

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Article Details

Author / Journalist: James Guild

Category: Economy

Markets: United StatesAustraliaCambodiaChinaIndiaIndonesiaSouth KoreaLaosMalaysiaPhilippinesSri LankaTaiwanThailandVietnam

Topics: Asia Development Markets Growth Countries World Southeast Production Economic Trade Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-15 @ 14:27:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2395 words

Reading Time: 14 minutes read

Sentences: 101 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 27976034

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Official Website: thediplomat.com

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