Negotiations on the Trans-Pacific Partnership (TPP) were finally completed in Atlanta on October 5. Final agreement on the treaty had been delayed for years as negotiating countries tried to protect their own industries while trying to gain market access in others.
The TPP was negotiated by countries on the Pacific Rim: the US, Australia, Singapore, New Zealand, Chile, Brunei, Canada, Malaysia, Mexico, Peru, Vietnam and Japan. These countries represent about 40% of global GDP.
neoliberalism


When neoliberal economics was being established as a hegemonic position in Australia in the late 1980s, 1.2 million workers were employed in the manufacturing industry — 15% of the workforce.
The Australian Bureau of Statistics’ (ABS) latest employment analysis shows that 25,000 jobs were lost in manufacturing last year, bringing the total employed down to 920,000 — 7.8% of the workforce.
It is a trend that will only continue with the winding-down of the vehicle production industry and its related vehicle components sector.
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