opening through Southeast Asian

in Southeast Asia in the lead up to the FTA with China, with fears that industries would be wiped out from Chinese competition. Southeast Asian industry faced more direct competition from China than US industry did, but it wasn’t decimated. The ‘China shock’ was avoided in Southeast Asia because communities could adjust. Faster-than-average growth meant that adjustment was easier, with new opportunities opening through Southeast Asian firms joining regional value chains. Most who lost jobs and the assets were quickly redeployed. Global exports from ASEAN have increased by 480 per cent since the turn of the century when China joined the WTO. Trade between China and ASEAN has more than doubled since 2010, making China ASEAN’s largest trading partner. The gains from turbocharged globalisation were also more equally shared across society. สล็อตเว็บตรง