Globalisation thrives in Asia as upswing in exports drives growth
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FOR all the talk of globalisation's retreat amid the mercantilist rhetoric of Donald Trump, it's proving to be a very different story in Asia.
Exports are resurgent, governments are pursuing free-trade deals, and rather than bringing jobs back home, American automakers are planning new facilities in China. That early-2017 angst over potential for a trade war is now turning into recognition there's been something of a trade bonanza as the global economy's strongest synchronised upswing in seven years drives demand for Asian-made goods.
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