Privatisation and ‘‘structural adjustment’’ will be a common phenomenon in two of the largest economies in Asia, China, and India. Presently these two countries are undergoing ambitious economic reforms based on creating a dynamic market economy. Often there is insufficient or callous attention to workers’ interests when the planners of these policies implement the so-called “‘reforms’’.
As industrialisation spreads across Asia, waste and toxic hazards accumulate at a disturbing rate and pose a major threat. Many developed nations partially relieve themselves of the burden of toxic waste by exporting undesirable industries and processes to less-industrialised and less-regulated countries. The “grow now, clean up later” approach to development in Asia has established an environmental menace that may haunt the region for decades to come.
Is the ICFTU theory back-to-front? Is the so-called New World Order (NWO) in danger of being ‘killed off at birth by casino capitalism’, as the ICFTU maintains? Yes and no.
• May Day protests in the Philippines
• New confederation formed in Hong Kong
• General strike in South Korea
• Malaysian electronics workers organize
• Japanese company closes Korean operation
• Labour demands wage rises in the Philippines
• Hong Kong workers talk about 1997