Trade

Multilateral trade agreements serve the interests of today's global production system in a way that the alternative - a ..... system of bilateral agreements - does not.

Over the past several years, we have seen ..... in Seattle and Cancn, with what appears to be a widening divergence of views between developed and developing countries, and a rise in bilateral trade agreements.

New technologies can also ..... deregulation, such as implementing online registration systems.

The reason seems to be that they are more ..... to exploitation and so have more to gain from union membership.

Even the temporary work business is unionized and covered by a ..... collective agreement.

The greatest difficulty is to make salaries respond to changes in market demand: the pay structure is highly ..... in the sense that it is extremely difficult to change the relative level of different categories of employees.

If one union manages to negotiate extra high pay increases for its members, perhaps due to market forces, all other unions will immediately demand - and fight hard for - the same increase, threatening to ..... the initial effect.

In ..... of the colossal loss at Society General caused by a rogue trader, banks are examining their control systems in an effort to prevent similar future disasters.

Changes in approach and across cultures is required by financial institution control management; visibility across ..... information technology systems and across myriads of geographically diffuse employee activities is needed.

Increased understanding by everyone who is involved of ..... operational processes is most important.