Asian countries are increasingly concerned that popular anger in the U.S. and Europe might hurt their exports and lead to a global economics lowdown.
Voters in industrialized countries are frustrated with job losses in industries such as steel and automobile manufacturing. Many blame the losses on globalization and free trade policies.
These were reportedly major issues in the British vote to leave the European Union. They also have been energetically discussed in the U.S. presidential election.
Some experts are calling these concerns protectionism, or seeking to protect or block off ac ountry's market from foreign businesses.
Frederic Neumann co-directs Asian economics research for HSBC Bank in Hong Kong. He said, "Rising protectionism could throw sand in the wheels of the global trading system and so start to gum it up."
Effects of Britain's vote on world markets had results
The vote in Britain resulted in wild changes in financial markets around the world.
Major East Asian countries were no exception. They reacted with short-term economic measures meant to stabilize their markets because of the June 23 vote.
South Korea ordered an increase in government spending. China let the value of its currency fall. And Japan has said it is considering taking measures if the value of the Japanese yen continues to rise.
However, reaction in Asia to the heated disputes over trade in the West, especially in the U.S.,has been somewhat muted.
Peter Drysdale heads the East Asian Bureau of Economic Research at the Australian National University's Crawford School of Public Policy. He said anxiety in Asia is eased by the perception that a more thoughtful discussion will develop over time.
"The rhetoric coming out of the political campaign in the United States of course does disturb policy leaders elsewhere in the world including Asia," Drysdale said.
U.S. Republican presidential candidate Donald Trump has attacked free trade agreements (FTA)during his campaign.
He called for renegotiating or withdrawing from the North American Free Trade Agreement,known as NAFTA, with Canada and Mexico. He also said he opposes the Trans-Pacific Partnership (TPP). That trade agreement includes the United States and 11 other Pacific countries.
Trump has criticized trade deals, but he is not alone.
The Democratic Party presumptive nominee for president, Hillary Clinton, also voiced opposition to the TPP during her campaign.
She has, however, supported free trade agreements in the past. She spoke in support of the NAFTA deal as first lady of the U.S. with her husband, former president Bill Clinton. He signed the agreement into law in 1993.
Clinton also supported the TPP when she was President Barack Obama's secretary of state. As a presidential candidate, however, she said the final version was not good for American workers.
Some experts see her change in position as, at least partly, a reaction to her opponent in the primary elections Bernie Sanders. He has been outspoken in his opposition to trade deals.
However, President Obama is hopeful that the U.S. Senate will approve the TPP after Congressional elections in November.
Economists said Asian countries could take further measures to open up their economies and increase investment in Western countries. Drysdale said this could ease anti-trade anger in the West. He added that is already happening to some extent.
"Investors in India and China and elsewhere in the region are looking to put plants and investment into industrial countries and the United States in particular," he said.
Frederic Neumann of HSBC said American companies do complain of complex regulations blocking market access to Korea although an agreement is in place.
Officials in Seoul say South Korea has a trade surplus of about $10 billion with the U.S. But,they note that South Korean companies invest more in America than U.S. companies invest in Korea.
Last week, Republican candidate Trump took specific aim at the U.S. free trade agreement with South Korea. He said the deal doubled the U.S. trade deficit with its East Asian ally and lost nearly 100,000 American jobs.
The speed of economic slowdown in Asia also makes people worry.
亚洲地区的经济下滑速度也令人担心。
2.open up 打开；开创
They decided to open up an office in town.
他们决定在市区设立一个办事处。
3.block off 阻挡
I'd have knocked her block off if she had said that to me.
要是她那样对我说话，我就要把她好好揍一顿。
4.free trade 自由贸易
East coast shipowners advocated free trade.
东岸的船主们拥护自由贸易。
内容解析
1.Asian countries are increasingly concerned that popular anger in the U.S. and Europe might hurt their exports and lead to a global economic slowdown.
lead to 导致；通向
Blindly copying others might very well lead to losses.
盲目搬用别人的经验很容易造成损失。
Her poor French often lead to misunderstandings when she visits France.
她的法语很差劲，因而她访问法国时常引起误会。
2.Some experts are calling these concerns protectionism, or seeking to protect or block off a country's market from foreign businesses.
seeking to 寻求；想办法
They are seeking to mislead us.
他们竭力误导我们。
People have all along been seeking to prolong life.
