Reshaping the map: Friendshoring in Asia
- 17 October 2023 (10 min read)
Key points
- Globalisation, characterised by the rapid flow of goods, services and capital across international borders, is at a crossroads
- Recent geopolitical events have prompted a reconsideration of globalisation's trajectory
- Many nations are contemplating decoupling from any partners deemed unfriendly, giving rise to two new trends – friendshoring and nearshoring
- The future of friendshoring in Asia depends on sustained economic integration, good governance and the ability to attract foreign investments
- Given the ongoing tension between China and the US, Asian countries are likely to continue expanding capabilities further solidifying their role in the global manufacturing hub, potentially increasing the region’s long-term investment appeal
Disclaimer
The information on this website is intended for investors domiciled in Switzerland.
AXA Investment Managers Switzerland Ltd (AXA IM) is not liable for unauthorised use of the website.
This website is for advertising and informational purpose only. The published information and expression of opinions are provided for personal use only. The information, data, figures, opinions, statements, analyses, forecasts, simulations, concepts and other data provided by AXA IM in this document are based on our knowledge and experience at the time of preparation and are subject to change without notice.
AXA IM excludes any warranty (explicit or implicit) for the accuracy, completeness and up-to-dateness of the published information and expressions of opinion. In particular, AXA IM is not obliged to remove information that is no longer up to date or to expressly mark it a such. To the extent that the data contained in this document originates from third parties, AXA IM is not responsible for the accuracy, completeness, up-to-dateness and appropriateness of such data, even if only such data is used that is deemed to be reliable.
The information on the website of AXA IM does not constitute a decision aid for economic, legal, tax or other advisory questions, nor may investment or other decisions be made solely on the basis of this information. Before any investment decision is made, detailed advice should be obtained that is geared to the client's situation.
Past performance or returns are neither a guarantee nor an indicator of the future performance or investment returns. The value and return on an investment is not guaranteed. It can rise and fall and investors may even incur a total loss.
AXA Investment Managers Switzerland Ltd.