Janpha Thadphoothon
Under the Trump administration, the US is more likely to focus its development energy on its internal affairs, industries, and issues. Its policy might be directed in ways that might threaten outsiders and some US citizens. It is expected that the US is protecting the businesses and industries. It will be creating stable and decent jobs for Americans. In Trump's words" Making America great again."
This inward-looking policy is rare and seems unprecedented. Critics fear negative consequences. In fact, there are both advantages and disadvantages the world, including for ASEAN.
Photo credit: https://www.donaldjtrump.com/about
On the plus side, the focus of the US policy tends to favor economic development and cooperation. Like most entrepreneurs, Donald Trump loves economic growth and startups. There will be more economic ties, joint ventures, etc. There are going to be more business exchanges between the US and ASEAN. The new president may try to ease military crises and turn those into opportunities.
On the minus side, the US market will be tougher to penetrate. Exports from ASEAN states to the US market may be severely affected, as the US is going to make it tougher for foreign products to enter the US market.It also seems that US aid and US military presence around the world will be altered.
Border protection and internal security will be upgraded.
ASEAN will have to adjust itself to this new reality.
We have to wait and see.
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