By Gloria Macapagal-Arroyo, Wei-Jao Chen, Julian Weiss
Read Online or Download Tigers' Roar: Asia's Recovery and Its Impact (East Gate Books) PDF
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Extra resources for Tigers' Roar: Asia's Recovery and Its Impact (East Gate Books)
Example text
Government. 11 12 • PAUL J. SMITH Following extensive investigations, British officials realized that they were witnessing one small component of a multi-billion-dollar humansmuggling operation that transports thousands of East Asians to low-wage jobs around the world. Indeed, Western European governments have recently become alarmed at the growing trend of human-smuggling from East Asia, particularly the People’s Republic of China. From another perspective, however, British officials were also confronting the long tentacles of East Asian-based criminal syndicates that operate throughout the world.
Rationalization and regional industrial policies are challenges; vested interests will resist removal of trade protections they enjoy. Yet, progress may nevertheless be possible. An area that may have special potential is the “new” economy, the “e-economy,” which may have fewer vested interests resisting harmonization and cooperation than do traditional economies. Similarly, initiatives that use or drive the new economy may be fruitful areas of cooperation. The linking of security exchanges might be one step.
A rules-based system will—in accordance with international convention and practice—govern such contingencies. Dismantling trade barriers is not enough, however. Trade must be made easier, and ASEAN has worked to harmonize tariff nomenclatures, streamline customs procedures, and make product standards mutually compatible. Services—a larger part of ASEAN economies—are now subject to sector-by-sector liberalization negotiations. The ASEAN members seek to attract more foreign capital by integrating themselves as a market for goods and services and allowing investments to move freely within the region.