East’s economic boom may still be a consumerist trap

Posted: February 22, 2013 in Articles, Current Affairs, World Affairs

o the ASEAN nations attending the Phnom Penh summit in November have snubbed the US over Obama’s TPPA proposals, preferring to follow the money in China (David Watts’ article The Asia Pivot, AA January issue). As the writer says, ‘three billion Asians have pivoted in the other direction — towards Beijing.’ Hardly surprising really, given the statistics quoted in the article that show just how far things have swung in economic terms from West to East. Certainly the phrase ‘made in China’ is no longer quite the joke that it used to be. Of course the ASEAN nations are right to be wary of the TPPA proposals and the ‘corporate muscle’ that almost certainly underlies them. Appropriating intellectual property rights over vital medicines is just one example of the morally repugnant, greed-driven nature of the global corporate phenomenon, something that is not the preserve of the US alone.

 

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