International Monetary Fund
The new tax measures being agreed with the International Monetary Fund (IMF) coupled with the negative impact of China-Pakistan Free Trade Agreement-II (CPFTA-II) are likely to hit the country’s already poorly performing manufacturing sector.
In its introduction the book explains how international financial institutions act like tailors charged with fitting out transnationals with tailor-made suits.
Korean government officials are trying to downplay concerns by anti-globalization and anti-FTA protesters including farmers that the Korea-US trade deal may lead to subjugation of the Korean economy to the United States. But a recent IMF report says that technology and foreign investment are worsening income inequality around the world.