posted on Sep, 13 2011 @ 04:45 PM
"The World Trade Organisation (WTO) defines four modes for cross-border trade in services: via internet (Mode 1); where the customer crosses borders
e.g. tourism and the international student market (Mode 2); where a company establishes in another country (Mode 3); and by moving workers across
borders (Mode 4)."
"The EU is including Mode 4 concessions in all of the deals it is currently negotiating. In fact Mode 4 is the carrot, to obtain, in exchange,
investment opportunity access into trading partner countries for transnational financial services corporations, which are for the most part based in
Actually these corporations benefit from both sides of the deals. They get the investment opportunities but also cheap labour brought in, and, as this
'reserve army of labour' undermines the power of organised labour, strengthening the power of capital in its balance of power with labour.
Although these are EU deals, the UK is the main and willing target for the Mode 4 concessions. Thus it is UK workers who will pay the price."
As the article says - it looks as though large corporations end up with excellent investment opportunities around London with a cheap immigrant labor
force. Who looks after the local work force?