[video=youtube_share;Rw7P0RGZQxQ]https://youtu.be/Rw7P0RGZQxQ[/video]
[video=youtube_share;DnC1mqyAXmw]https://youtu.be/DnC1mqyAXmw[/video]
1. USA formed WTO after WW2 to control world economic system.
2. BRICs challenging the dominance of USA on WTO.
3. USA strategy 3 new system in 2008 - TPP (Asia Pacific), TTIP (Atlantic), TISA (Latin America). BRICS are not included at all.
4. New system's rules drawn out mainly by the top corporations in each of the region. Opaque/Secret and extremely complicated rules (over 500 pages).
5. Rules mainly favouring large corporates. Can sue local governments for affecting their income (investor rights regime over-write national rights and sovereignty), Trials are closed doors in a parallel judiciary system.
Its hyperbole but I assume TPP will benefit the following in Singapore:
1. GLCs - Can ride on top of this system to invest more easily overseas.
2. Flooding of foreign professionals - Which is already happening.
3. Singapore will be a hub for the parallel judiciary system under TPP.
Comment from US forum:
TPP is the deal of the decade. Yes, the TPP has a lot of hidden agendas behind it. And yes, TPP will enhance the physical power of corporations and affect the global economy on all levels. BUT, the US is just another salesman. The real owner of the TPP is actually Singapore. Singapore is the only country trying to get and coordinate all the other countries to push for the TPP. They have been setting the agendas for the agreement. Singapore initially sold the idea to the Republicans and then to Obama. They then try to get the US to carry the weight to draw in other countries who are skeptical of China's trade agreements. Singapore is physically small, but large in corporations and investments. The are so rich, they brought national telcos companies, banks and corporations. In order to continue playing in global power arena, Singapore used US like a trump card to control all major powers. Wary of China's actions, the US stupidly brought the idea that they can use this as a counter-weight to China. So, who will benefit from TPP, the US? Japan? Australia? Canada? Nope. None of these big countries. It is actually Singapore.
[video=youtube_share;DnC1mqyAXmw]https://youtu.be/DnC1mqyAXmw[/video]
1. USA formed WTO after WW2 to control world economic system.
2. BRICs challenging the dominance of USA on WTO.
3. USA strategy 3 new system in 2008 - TPP (Asia Pacific), TTIP (Atlantic), TISA (Latin America). BRICS are not included at all.
4. New system's rules drawn out mainly by the top corporations in each of the region. Opaque/Secret and extremely complicated rules (over 500 pages).
5. Rules mainly favouring large corporates. Can sue local governments for affecting their income (investor rights regime over-write national rights and sovereignty), Trials are closed doors in a parallel judiciary system.
Its hyperbole but I assume TPP will benefit the following in Singapore:
1. GLCs - Can ride on top of this system to invest more easily overseas.
2. Flooding of foreign professionals - Which is already happening.
3. Singapore will be a hub for the parallel judiciary system under TPP.
Comment from US forum:
TPP is the deal of the decade. Yes, the TPP has a lot of hidden agendas behind it. And yes, TPP will enhance the physical power of corporations and affect the global economy on all levels. BUT, the US is just another salesman. The real owner of the TPP is actually Singapore. Singapore is the only country trying to get and coordinate all the other countries to push for the TPP. They have been setting the agendas for the agreement. Singapore initially sold the idea to the Republicans and then to Obama. They then try to get the US to carry the weight to draw in other countries who are skeptical of China's trade agreements. Singapore is physically small, but large in corporations and investments. The are so rich, they brought national telcos companies, banks and corporations. In order to continue playing in global power arena, Singapore used US like a trump card to control all major powers. Wary of China's actions, the US stupidly brought the idea that they can use this as a counter-weight to China. So, who will benefit from TPP, the US? Japan? Australia? Canada? Nope. None of these big countries. It is actually Singapore.
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