泰国大城银行研究中心：2025去全球化真伪之辩：全球服务贸易的悄然崛起与东盟增长新动能报告（英文版）（16页）.pdf

1、CoverIs deglobalization a myth?The quiet rise of global services trade,and promising engine of ASEANResearch IntelligenceOctober 2025Krungsri ResearchContentsSubscribe UsContentsDisclaimerUnless explicitly stated otherwise,this publication and all material therein is under the copyright of Krungsri

2、Research.As such,the reuse,reproduction,or alteration of this text or any part thereof is absolutely prohibited without prior written consent.This report draws on a wide range of well-established and trustworthy sources,but Krungsri Research can make no guarantee of the absolute veracity of the mate

3、rial cited.Moreover,Krungsri Research will not be held responsible for any losses that may occur either directly or indirectly from any use to which this report or the data contained therein may be put.The information,opinions,and judgements expressed in this report are those of Krungsri Research,bu

4、t this publication does not necessarily reflect the opinions of Bank of Ayudhya Public Company Limited or of any other companies within the same commercial group.This report is an accurate reflection of the thinking and opinions of Krungsri Research as of the day of publication,but we reserve the ri

5、ght to change those opinions without prior notice.For research subscription,Introduction3Definition,Driving Factors of Deglobalization,and the Dynamics of Global Trade and Services4Why Services Trade Is Relatively More Resilient to Deglobalization?7Services Trade:ASEANs Economic Buffer and Growth En

6、gine9Krungsri Research View13References15Deglobalization has emerged as one of the key megatrends shaping the global economic and trade landscape.It is driven by a confluence of economic and social factors,most notably the international trade policy uncertainties and intensifying geopolitical confli