Mega-FTAs and its implications on Asian workers

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“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.”

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