A keynote address at the Rountable Discussion: EU-ASEAN Trade Relations, State of Play and Areas of Strategic Cooperation co-organized by the European Institute for Asian Studies (EIAS) and Philippinenburo in Brussels. 23 October 2015
Joseph PuruggananFocus on the Global South
Launched in 1995, the World Trade Organization (WTO) completed the Bretton Woods trio with the World Bank, and the International Monetary Fund in promoting neoliberalism and corporate globalization. The WTO was particularly special in its power to legally enforce and penalize countries, taking away the policy space of governments, and on several occasions, forcing them to change their national laws in order to implement global free trade rules.
The capitalist system has exploited and abused nature, pushing the planet to its limits, so much so that the system has accelerated dangerous and fundamental changes in the climate.