Will Asia and the world waste the crisis? Policy coherence and social protection for all
Bibliographic Data
| ID | 12914329 |
|---|---|
| Authors | Rene E Ofreneo (University of the Philippines System, corresponding author) |
| Year | 2010 |
| Volume | 3 |
| Issue | 1 |
| Pages | 5-17 |
| Publication date | 2010-03-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | China Journal of Social Work (JOURNAL) |
| Journal identifiers | ISSN: 1752-5098 • E-ISSN: 1752-5101 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/17525090903560663 |
| OpenAlex | W2031476855 |
| Language | EN |
| Citations received | 2 |
| References cited | 1 |
This paper is a critique of the Asian and global race to the bottom, which has sacrificed workers' rights for the profits of a few. This has resulted in the great global contradiction: overproduction of goods and underconsumption by those who produce these goods. In turn, the resulting imbalances in global trade, development and wealth distribution have contributed to the making of the global financial crisis (GFC). Yet, the G20 leaders have deigned to ignore these global imbalances, as illustrated in their resolution goading the members of the World Trade Organization (WTO) to conclude the Doha Development Round (DDR) based on an agenda of deeper liberalisation across all economic sectors, including financial services. In sum, the paper highlights the weaknesses of current international efforts to ameliorate the social ills of an unfair world order despite the critical opportunity for social and economic reforms provided, ironically, by the GFC
Contradiction · Economics · Financial crisis · Goods and services · International trade · Liberalization · Market economy · International Development and Aid · Social Policy and Reform Studies
| Citations per year | 0.14 |
|---|---|
| Citation span | 2012 - 2015 (4) |
| Highly cited | No |