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The Comprehensive and Progressive TPP (CPTPP)
By Alan Oxley
Chair of the APEC Centre at RMIT University
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In December 2017, with President Trump having disavowed the Trans Pacific Partnership (TPP) free trade agreement, the remaining eleven governments who negotiated it agreed to a set of changes – mainly setting aside some key positions inserted by the US - and aimed to adopt it in Vietnam when the APEC annual Summit convened in December 2017. But Canada’s Prime Minister Trudeau had reservations and adoption was deferred. Some minor changes were made to meet Canada’s concerns and the agreement was renamed the Comprehensive and Progressive TPP (CPTPP). It is now set to be signed in March 2018. At Davos, President Trump announced the Administration might be prepared to join an amended version of the agreement… [Read More]
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Workforce Ready Challenges in the Asia Pacific: A Regional Wicked Problem?
By Dr. Subas P. Dhakal
School of Management, Curtin University
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The successful transition of recent graduates from education to job is central to achieving sustainable development and building resilient economies. However, most of the countries across the Asia Pacific region are facing considerable challenges linked to ageing populations and skill shortages. On the one hand, graduates are finding increasing difficulty in attaining post-qualification employment. On the other, relatively high youth unemployment rates have persisted across the region...
[Read More]
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Regaining the Consensus for Globalisation
Emmanuel A. San Andres
Analyst, Policy Support Unit, APEC Secretariat
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It was not very long ago when discussions about globalisation were so hopeful. Globalisation was an irreversible and unambiguous force for good. Trade openness and investment liberalisation were to lead us to unprecedented growth and prosperity, and therefore poverty reduction and rising living standards. Greater economic integration due to trade and investment linkages were also supposed to reduce the likelihood of wars and conflict. Those hopeful cheers about globalisation are long gone, and the public discourse on globalisation has increasingly been dominated by gloom and cynicism. Can we effectively address these issues?… [Read More]
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A Perfect Storm for Globalisation?
By Mark Millar
Author of Global Supply Chain Ecosystems
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A number of factors have combined to produce a perfect storm for globalisation – resulting in a more complex and ever-evolving landscape for business.
For a whole generation, globalisation has seen producers chasing the next low-cost manufacturing location, leading to increasingly complex and convoluted global supply chain ecosystems with profound inter-dependencies. But more recently, the increasing cost burden of managing global supply chains has led many companies to pursue near-shoring and on-shoring strategies. This has resulted in more regional supply chains, with important implications for every company engaged in international trade… [Read more]
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