Eurasia Review on Nostr: The Curious Case Of Sluggish US Economic Influence Perceptions In ASEAN – Analysis ...
The Curious Case Of Sluggish US Economic Influence Perceptions In ASEAN – Analysis
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Southeast Asian countries have shown strong economic growth; US President Joe Biden attended the 10th ASEAN - US Summit; China perceived as the most influential economic power in ASEAN since 2019, with 75.2% in 2019, dropping to 59.5% in 2024; US perceived at 14.3% and ASEAN at 16.8%; US accounts for 15% of ASEAN's exports and 20% of inward FDI; China dominates ASEAN imports; US FDI in ASEAN was USD 20.2 billion in 2022, while China was USD 5.4 billion; ASEAN received USD 124 billion in manufacturing FDI in 2022-2023; China leads in visibility through infrastructure projects and consumer brands; ASEAN elite cite economic weakness as a top challenge; perceptions of economic influence may outweigh hard data; US needs to enhance partnerships and market access to improve influence.
#Us #Asean #China #EconomicInfluence #Fdi #Trade #Perceptions #Investment #Geopolitics #SoutheastAsia
https://www.eurasiareview.com/11102024-the-curious-case-of-sluggish-us-economic-influence-perceptions-in-asean-analysis/
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Southeast Asian countries have shown strong economic growth; US President Joe Biden attended the 10th ASEAN - US Summit; China perceived as the most influential economic power in ASEAN since 2019, with 75.2% in 2019, dropping to 59.5% in 2024; US perceived at 14.3% and ASEAN at 16.8%; US accounts for 15% of ASEAN's exports and 20% of inward FDI; China dominates ASEAN imports; US FDI in ASEAN was USD 20.2 billion in 2022, while China was USD 5.4 billion; ASEAN received USD 124 billion in manufacturing FDI in 2022-2023; China leads in visibility through infrastructure projects and consumer brands; ASEAN elite cite economic weakness as a top challenge; perceptions of economic influence may outweigh hard data; US needs to enhance partnerships and market access to improve influence.
#Us #Asean #China #EconomicInfluence #Fdi #Trade #Perceptions #Investment #Geopolitics #SoutheastAsia
https://www.eurasiareview.com/11102024-the-curious-case-of-sluggish-us-economic-influence-perceptions-in-asean-analysis/