Fung Group Chair Says Asia Is Generating Its Own Demand

The video discusses the impact of economic nationalism on Asia, highlighting the region's growing consumer class and its potential to drive demand. It explores how a slowdown in intellectual property flow could spur innovation in Asia. The empowerment of the Asian consumer is emphasized, with new business models emerging that could influence Western markets. The video also addresses US competitiveness in global growth and the importance of participating in international trade. Finally, it compares trade approaches, noting the challenges bilateral relationships pose for SMEs and advocating for a multilateral trading system.

What impact does economic nationalism have on Asia according to the speaker?

How is the Asian consumer described in the text?

What role does the speaker believe the Asian consumer will play in the evolution of new business models?

What concerns does the speaker express regarding the United States' participation in global growth?

Why does the speaker advocate for a multilateral trading system over bilateral relationships?