2016/77, 30 November 2016
As Peru concludes its 2016 APEC Chairmanship, one key message of the Leaders’ Declaration is ‘to support free and open trade and investment, sustainable economic growth and shared prosperity in the Asia-Pacific region’ (Source: APEC). The annual Opinion Leaders survey conducted by the Pacific Economic Cooperation Council shows that despite the generalized perception that protectionism is on the rise, the private sector continue to demand trade arrangements and support APEC’s work on trade policies (https://www.pecc.org/publications/697-state-of-the-region-2016-2017).
Donald Trump’s victory has made APEC’s Free Trade Area of the Asia-Pacific (FTAAP) aspiration more important and more difficult. Trump’s promise to withdraw the United States from the Trans-Pacific Partnership (TPP) agreement immediately raises interest in alternatives like the ASEAN-led Regional Comprehensive Economic Partnership (RCEP) process and FTAAP. China’s decision to make the FTAAP aspiration the focus of its APEC year in 2014 bolsters FTAAP’s credibility. The Lima Declaration on FTAAP released at the end of this year’s summit predicts that “efforts in support of the realization of the FTAAP will serve as a driving force to further advance regional economic integration.”
Donald Trump rode on nostalgia and middle class anxiety to 1600 Pennsylvania Ave. By skilfully mixing longing for a bygone America with the insecurities wrought by globalisation, president-elect Trump was able to exploit unhappiness over immigration, structural unemployment and stagnant wages, all of which are not alien to Singapore.
One of the abiding narratives during the campaign was that the brash billionaire was tapping into the frustrations of the white working class. Non-college educated white men, sick and tired of seeing their jobs flee to China and Mexico, were ready to, in a highly counter-intuitive manner, throw their lot with a real estate tycoon who had built a business that rode the very crest of globalisation.
“Mayor (President) Duterte”, a Commentary by Malcolm Cook
On Sunday December 5, President Duterte, via an SMS message from his Secretary to the Cabinet ‘Jun’ Evasco, ordered Vice-President Robredo “to desist from attending all Cabinet meetings” (click here). Tellingly, Secretary Evasco did not say that President Duterte had asked him to send this message, but that ‘Mayor Duterte’ had instructed him to do so. Not ironically in the Philippines, President Duterte’s daughter is the current mayor of Davao City.