“The consequences of mega-FTAs on trade, labor and employment is much shown in many developing countries where, in order to maintain competitiveness, must adhere to “lowest common denominator rules” rather than meeting the highest possible standards. Recent developments in trade liberalization have permitted monopoly capitalists to dictate the cheapest value of labor and other production facilities, thereby disregarding decent standards, to accumulate bigger profit.”
The ASEAN Economic Community along with the other pillars of the ASEAN Community (Political Security and Socio- Cultural), is expected to be launched in December 2015. With its collective economic growth and resources, analysts say ASEAN will become the engine of growth in Asia, especially, the economic integration that investors and corporations are anticipating in […]
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