Rising protectionist sentiment in the West and a dramatic decline in global trade since 2011 have led many to speculate that Asia’s era of export-led growth will end soon. This speculation is overdone. While the slowdown in trade does demand responses, Asia is well positioned to be a bulwark against protectionism. In fact, it can lead global trade in the years to come.
西方的保護主義情緒不斷上升,加上自2011年以來全球貿易大幅下降,導致許多人猜測,亞洲出口導向型成長的時代將很快結束。這個猜測言過其實了。雖然貿易放緩需要作出回應,但亞洲處於有利地位,能夠成爲抵制保護主義的堡壘。事實上,亞洲可以在未來多年引領全球貿易。
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