4/01/2017

Boao Forum – New paradigm and new direction for Asia and the world


Since the end of WW2, the world economies have seen a good solid 70 years of economic growth and prosperity under a world system that encourages free trade and globalization. Though growth was disproportionate and not every country could maximize the benefits from the free global trading system, still every country was progressing in a peaceful environment other than those bogged down by wars.
 

The economic developments of post war years are a stark contrast from the pre war years marked by unequal treaties and brutal exploitations of colonized nations by the powers of the day. Trade agreements were anything but fair. Many colonized Asian, African and Latin American countries bore the brunt of colonial conquest and looting of their natural and national resources and were forced to accept one sided trade agreements dictated by the colonial powers leading to an imbalance in the growth of colonial economies against the deprivation and depletion of colonized economies.
The world has since benefitted from a fairer global system as it enters the 21st Century. This era of peace and free global trading system is now facing mounting challenges, from the threats of war and anti free trade led by the USA. The USA is on a path of self isolation and threatening to disrupt and destroy the free global trading system that it helped to build as the undisputed leader of the free world and free economy after WW2.
 

The world must stand together to protect his free global trading system where nations are free to negotiate bilaterally or multi laterally in trade agreements, on an equal basis, to benefit all parties. The current trading system is as fair as one could get without the use of force and threats. Multi lateral trade agreements have proven to be beneficial to its members, big and small. To change this arrangement and to revert to bilateral trading systems and isolationism is a regressive step backward that countries of the world would stand to lose and may lead to greater inter state tension and even trade wars.
 

The world has progressed and has developed many avenues for greater cooperation and integration as members of an interconnected and interdependent community for the benefits of all nations. Member countries attending the Boao Forum are testaments to the achievements and faith of a more interconnected world based on free trades and globalization. While the Americans are heading towards isolationism and giving up its leadership of the free global trading system, Asian countries should step up to continue the trend for free trade and globalization, to assume leadership for more freedom for nations to trade freely as independent and equal members of this brave and free new world. Nations must seek partnership and alliances for trade and peaceful cooperation, not military alliances for wars, for protectionism, to threaten other countries with military powers.
 

There is a need for a new leadership to advance free trade and globalization, with or without the USA, over countries that are seeking the isolationist path. Asia should take the lead in this new direction for the good of countries of the world.
 

At the Boao forum Xi Jinping said that the theme-’Globalization and Free Trade: The Asian Perspectives-reflected the keen attention on the issue from the international community, especially in Asia.’ He went on to laud ‘the role of the forum in building an Asian consensus, promoting Asian cooperation and upgrading Asian influence since its establishment 16 years ago.’ Asia’s role in contributing to a constructive dialogue and initiative in globalization and free trade would only grow as more Asian countries joined the journey for higher economic growth and development.
 

In the same forum, Nepal’s Prime Minister Pushpa Kamal Dahal said, ‘Asia is an ideal region to lead the next phase of globalization, and future efforts should focus on increasing inclusiveness to avoid dividing people into winners and losers.’ Asia would have no choice but to take the lead for a new paradigm in free trade and globalization in the face of new challenges as it enters the 21st Century with new dynamics and amidst rising tension and threats to the established free trade global system. There is no other option but to soldier on under a system that is free, fair and equal and proven to be functional.

14 comments:

Anonymous said...

/// While the Americans are heading towards isolationism and giving up its leadership of the free global trading system,
Asian countries should step up to continue the trend for free trade and globalization,
to assume leadership for more freedom for nations to trade freely as independent and equal members of this brave and free new world. ///

Dear Singaporeans
Please don't be stupid.
Ask yourself ... how does this benefit you?

Ah Loong supports the TPP.
If Ah Loong supports free trade ... do you think Singaporeans will benefit?

Virgo 49 said...

DT said Americans are been treated not fairly and equally by Others.

Their Imports exceeded what that Exports.

Ask him why the Americans spend so much in imports when they cannot afford to? ?

Why their exports below targets??

It's because they have become too Big, too Lazy and only knows how to owe debts upon debts by printing their currencies.

Too big and only spoiling for fights to kick people arses.

When people stinge and saved they are spending like no tomorrows.

Maybe they think with their so called superior gangsters in uniforms they can usurped and conquer others to maintain their lifestyles.

Daylight robbers and muggers.

Aiya, this what Boau Forum held in Hainan Island for upteem years.

All talks no Action, just like NATO. Every nation seeks their own interests.

Lao Gao also attend. Happy hours.

Anonymous said...

Understand the nature of thing and event and mankind shall be ridded of
too many smart alecs.
风水轮流转。
The wheel of fortune rotates.

Anonymous said...

Dr Chee: Free-trade deals – we’ve been had

http://www.tremeritus.com/2017/03/31/dr-chee-free-trade-deals-%E2%80%93-weve-been-had/

Suggest you read the full article so that you see in detail ... how Singaporeans are being screwed.
There is nothing wrong with free trade.
It's how the "free trade" deals are being constructed that determines whether Singaporeans benefit or gets screwed.

Don't be daft and just blindly support Ah Loong into free trade deals that ends up screwing you.
Always ask.
How does this free trade deal benefit me.

Anonymous said...

PAP Millionaire Wong’s confirmation:
“When the leases for HDB flats run out, they have to be returned to the state eventually and that as flats near the end of their lease periods, their prices come down correspondingly.”

Wong could have been more direct and said: “When the leases for HDB flats run out, HDB flats are worth $ZERO.”

http://www.tremeritus.com/2017/04/01/mnd-minister-lawrence-wong-confirms-lau-goh%E2%80%99spap%E2%80%99s-%E2%80%9Casset-enhancement%E2%80%9D-programme-is-hogwash/
----------

Do you think Singaporeans should worry more about being landless peasants than about free trade?

Anonymous said...

PoAo is a low key forum this year. Sinkieland has no big businessmen showcase. Taiwan and hk showed with china, as the talk drew into one road one belt. Sinkieland has no parts. Politician like Likq was focused in Oz to talk free trade. PAo sec gen zhowenqong said it all: free trade cannot u turn but marginalized groups problems must be addressed. What marginalized? Go ask Trump. He won presidency because he wanted to create jobs for the marginalized groups middle class. Trump is dealing with the end results. The cause is free trade. So Trump s signature stroke was cancelled TPP.

Trump s act was out of no fear for US s situation. US is the buyer not main seller dependent on buyer. China is the seller not main buyer. So now is china s voice: oh go free trade, because, it is a production house not consumption house. Sinkieland is neither. Consumption house? too expensive for US EU China visitors. Production house? Nothing to sell, even electronic products cannot work properly if bought, buy china type is better, japanese made lagi best. Sinkieland does not have milk, beer, wine, so nothing means nothing.
Sinkieland has lots of condos to sell. come to view when have money. Free trade has no big issue to sinkieland. This yr no big old men invited to show face. Can be terex effects.

If u go away with theory, free trade is going into adjustment. The key factor Trump wants to kill is free immigration. He got into problems with democrat appointed judges on controlling immigration. Now Trump is investigating by decree in 90 days, what was cause for trade deficit. China will face lots of problems with the big buyer US. So chinese mouths are free trade free trade.
But USD went up, RMB did not go up. China spent alot to keep RMB up. It showed US Trump is strong in market.

The same applied to UK too. Pound went up. Predicted pound will surge against Euro. This is after article 50 letter. Now EU wants to tarlow UK Teresa May, asking UK to pay 60 billions pounds. EU s such a place with lots of eastern europe snakes hungry for free foods. 1 possible outcome is UK may give 5 cents and tell EU to take it or leave it, when a free trade agreement with EU is not possible for UK. Trump eye at UK to survive his term. He urged May to sign free trade agreement first before ending EU.
On the other hand, Trump did not shake Merkel s hands in front of reporters because Germany refuses to pay Nato s share costs.

From here we can see, Trump is all out to rebuild US on trade gain in his terms. He is not too keen on "balance asia" to play game with Abe and ah long. Watch what sinkieland can do.

France is also keen to follow Trump s path to rebuild power of France if Lepen wins presidency: it means stopping immigration into France similar to May stopping in UK.

Trade ok lah, free immigrants into own country, sorry no deal. This is the new message. Except sinkieland.

Anonymous said...

@ April 01, 2017 11:10 am

Do you think we should start voting Opposition before we lose our HDB flats and end up being homeless?

patriot said...


Walau ay.
Sinkies here talk
as though Sin matters to the World.
Sin or no Sin
makes no difference
to the World at Large la.
Sinkies shall have
to deal with Sin
damnselves.
Or
Singaporeans have
to deal with their
Rulers and not World Politics which are beyond them.


patriot


patriot said...


Lay Sinkies better prepare
to serve the Born Arisrocrat, Elites and their Cronies
till You drop.


patriot


Anonymous said...

Nothing in this World is FREE! Even before the invention of money as the medium of exchange, everything has a price. Even the Grace of God has a price - the crucifixion and blood of Jesus. Even your love for your parents, children, siblings, spouses and relatives has a price.

So, Freedom in reality is not Freedom. Free Trade in reality is not Free Trade.

Freedom comes with a price tag. That price tag is defined by each individual goverment of a sovereign state in whatever political system, or non-system such as meritocracy or pragmatism. That price tag fluctuates according to the dictates and idiosyncrasies of the ultimate holder of power in the State. Most of the time Freedom has been bought with blood and immense sufferings and loss of lives.

Similarly, Free Trade is not Free because it too comes with a price tag. That price tag is the 'Agreement', which includes disagreements, and usually amounts to thousands of pages. This'Agreement' binds and ties the hands, legs and brain of the parties concerned. Moreover, each party will try its very best to benefit itself and protect its own economic and strategic interests.

So, any talk about freedom of this and that by any political bloc or entity, one must take it with a handful of salt.

Anonymous said...

@ patriot @ April 01, 2017 11:51 am

Better pray for cancer. Only cancer can save Singaporeans.

Anonymous said...

There is a need for a new leadership to advance free trade and globalization, with or without the USA, over countries that are seeking the isolationist path. Asia should take the lead in this new direction for the good of countries of the world.
RB

There is a need for a new leadership to advance a strong and united opposition, with or without the PAP, to take over the PAP govt that is seeking the "jobs for foreigners, NS for Sinkies" path. Sinkies should take the lead in this new direction for the good of all Sinkies of Singapore.


Anonymous said...

Sinkies should take the lead in this new direction for the good of all Sinkies of Singapore.
2:57 pm

Sinkies? Which smart Sinkie or Sinkies can or will do that?

Even if he/she can or will do it, 93% chance he/she will not succeed. And knowing that and also being smart, he/she will not do it. He/she will rather concentrate to make more money, like all smart Sinkies do. And if he/she cannot make more money and have good life in high cost Sinkieland, he/she will emigrate elsewhere to do it.

Anonymous said...

Apple Censors US-Drone-Strike-Tracking App

http://www.zerohedge.com/news/2017-04-01/apple-censors-us-drone-strike-tracking-app

( The drone missile strikes does not need US Congressional approval.
Approval can come from the American President alone.
QUESTION: How many drone missile strikes before it becomes akin to a war? )
------------------

/// That’s how Josh Begley, writing for The Intercept on Tuesday, described the concept behind an app he created five years ago.
The app, he says, was a simple one. It merely sent users an alert every time a U.S. drone strike was reported in the news. .....