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Informal Employment

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Prepared by Peter Lichang Kuo ( Chinese ) In 1985, a senior executive from an American company told me, " Taiwan 's national income has already reached ‘ USD 3,000 ’ per capita. It's no longer worth investing here!" I replied, " Even if it reaches $30,000, it would still be worth investing !" They actually began to withdraw investments and close their factories in Taiwan . All the people laid off by this company were " formal (regular) employees " — enjoying labor insurance and various benefits. Some of them searched for new jobs for half a year but couldn't find anything, and in desperation, one of them confided, saying, " If I can't find a job soon, I'll have to become a taxi driver !" If someone becomes a self-employed taxi driver, they would be considered part of the "informal employment" sector. Fig 1: Formal employees enjoy various benefits Unexpectedly, in 1986, a news report about a " taxi drive...

APEC Peru

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Prepared by Peter Li-Chang Kuo ( Chinese ) Content of “APEC Peru ”   I. Preface II. Our Testimony and Contribution III. Key Achievements of the 2016 APEC Summit in Peru IV. APEC 2024 Priorities V. Specific Recommendations for Collective Action VI. Conclusion I. Preface Peru joined APEC in 1998 and has hosted APEC three times - 2008, 2016 and 2024. In my opinion, the greatest achievement of APEC in Peru is the establishment of the “ Lima Anti-Corruption Declaration .” Fig 1: Peru APEC 2024 Logo In February this year, APEC Peru opened with the theme " Empower. Include. Grow. " It will focus on the social aspects of economic growth through more than 270 meetings to promote " high-quality growth " in the Asia-Pacific region. In recent years, the advancement of " digital technologies " has had a continuous and profound impact, emerging as a common theme among all disruptions, bringing about significant changes and influences on the ...

EU's AI Act launched

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Prepared by Peter Lichang Kuo ( Chinese ) An old proverb said: “ A virtuous person is with a contract, but an unvirtuous person drags an ox cart .” It meant that the talented people can make a living with just a contract, while those incompetent people can drag their trailers until it sinks to the mud and still have no food and clothing. The world is experiencing a mania for artificial intelligence (AI). The European Union has formulated the world’s first detailed Artificial Intelligence Act (AI Act), which contains 13 chapters and 113 articles, plus 13 annexes, and 180 recitals. The coverage is really all-encompassing. * The EU’s “AI Act” is on the road The United States , Japan and Taiwan , which have the greatest potential for developing AI technologies and products in the world, as well as Southeast Asian countries that are making rapid progress, are all major economies in APEC (Asia Pacific Economic Cooperation). The GDP of APEC economies has exceeded “ USD 60 trillion ”,...