Why does free movement of labor come last and the globalization of finance companies are first in WTO agenda?

Question

What is the point in globalising finance companies first thrusting the devoloping countries into it. when all the money of the developing countries are gone in the hands of insurance and credit card companies of the developing countries, what is it left for the third world countries. Agriculture is protected with subsidies in U.S and most developed countries. why not globalise them first instead of coke and pepsi? Why not have the free flow of labour as the first agenda in the globalisation rather having it as last. Would they be with drawing that agenda in the end when all they wanted to squander has been done?


(I have posted the same question in immigration category as I didnt get much replies I hope to have soem replies here...

http://in.answers.yahoo.com/question/?qid=20060626210958AAUq5sf )

I havent mis stated. free movement of labour does come after the globalisation of the finance companies. Only that I have mentioned the sequence. sorry for not writing it properly. On agriculture I have only questioned why the developed governements protect their farmers with subsidies not letting the global competition in immediately while in industrial sectors itsnt so.
Eventualy anyway all the sectors have to be globalised. But I am only questioning the motive of globalising things that benifit developed countires first.

Answer 1

Remember the golden rule:

He who has he gold, makes the rules.

Answer 2

I think that it is becaue the fincance companies already have the funds to set up to globalise were as agricultre don't. Also it is all happening just as Marx predicted. Soon there will be nothing left of the finance companies or the big rich wheelers and dealers. And then the agricultural labourors will be a ok.

Answer 3

Free global movement of labor is an uncomfortable topic for national governments. Most of them feel pretty good about barriers to immigration they have constructed back in 1920s, and see no reason to change anything.

As to what comes first, I believe you simply misstate the facts; the current round of global trade negotiations (usually referred to as the Doha round) is centered on agriculture and services (including, but not limited to, financial services). The decision to focus the Doha round on these issues was made by the WTO Ministerial Conference (a gathering of cabinet-level officials from member nations) in 2001.

Answer 4

The U.S., and other countries, are slowly becoming a “Knowledge-based” economy; driven by ideas and innovation.

For the last two hundred years, neo-classical economics has recognized only two factors of production: labor and capital. This is now changing. Information and knowledge are replacing capital and energy as the primary wealth-creating assets, just as the latter two replaced land and labor 200 years ago. In addition, technological developments in the 20th century have transformed the majority of wealth-creating work from physically-based to "knowledge-based.". Technology and knowledge are now the key factors of production. With increased mobility of information and the global work force, knowledge and expertise can be transported instantaneously around the world, and any advantage gained by one company can be eliminated by competitive improvements overnight. The only comparative advantage a company will enjoy will be its process of innovation--combining market and technology know-how with the creative talents of knowledge workers to solve a constant stream of competitive problems--and its ability to derive value from information. We are now an information society in a knowledge economy where knowledge management is essential. This page lists and rates Internet resources related to the field of knowledge based economy and knowledge management in the new information society.