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11. Trading Down: Unemployment, Inequality and Other Risks of the Trans-Pacific Partnership Agreement

Author:
Jeronim Capaldo and Alex Izurieta
Publication Date:
01-2016
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
Proponents of the Trans-Pacific Partnership agreement (TPP) emphasize its prospective economic benefits, with economic growth increasing due to rising trade volumes and investment. Widely cited projections suggest modest GDP gains after ten years, varying from less than half a percentage point in the United States to 13 percent in Vietnam. However, these projections assume full employment and constant income distribution in all countries excluding some of the major risks of trade liberalization. In this paper, we provide alternative projections of the TPP’s economic effects using the United Nations Global Policy Model. Allowing for changes in employment and income distribution, we obtain very different results. We find that the benefits to economic growth are even smaller than those projected with full-employment models, and are negative for Japan and the United States. More important, we find that the TPP will likely lead to losses in employment and increases in inequality.
Topic:
Regional Cooperation, Inequality, Trans-Pacific Partnership, and Unemployment
Political Geography:
United States, Asia, Vietnam, North America, and Asia-Pacific

12. Economic and Strategic Dimensions of Mega-FTAs: A Perception Survey of Asian Opinion Leaders

Author:
Xianbai Ji, Pradumna B. Rana, Wai-Mun Chia, and Changtai Li
Publication Date:
12-2016
Content Type:
Working Paper
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
The advent of mega-free trade agreements (mega-FTAs) including the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP) and the Transatlantic Trade and Investment Partnership (TTIP) is a defining feature of global trade governance in the 21st century. What are the costs and benefits of mega- FTAs? What is the political and strategic calculus behind mega-FTAs? Is there a “domino effect” triggering off the mega-FTA troika in a chain of reactions? Does mega-regionalism reinforce or undermine multilateralism? Since commonly used econometrics models cannot shed light on non-economic issues, this paper examines mega-regionalism by conducting a perception survey. This survey received responses from 648 opinion leaders located in 31 Asian countries. Respondents felt that mega-FTAs are good trade policy instruments that are “building blocks” to multilateralism. Linked by a “domino effect”, the mega-FTAs have important political and strategic dimensions. The United States wants to socialise China by writing high- standard “rules of the road” through the TPP. China then pivoted to RCEP to counter the TPP. Brussels through TTIP wanted to join the mega-FTA bandwagon to stay relevant. Additionally, remaining questions on decentralising global economic architecture highlight the need for regional and global institutions to complement each other.
Topic:
European Union, Multilateralism, Trans-Pacific Partnership, Free Trade, and Decentralization
Political Geography:
United States, China, Europe, Asia, and Global Focus

13. The Dispatch (Spring 2016)

Author:
David J. Bercuson, Jean-Christophe Boucher, J. L. Granatstein, David Carment, Teddy Samy, Paul Dewar, Roy Rempel, Eric Miller, Anthony Cary, Chris Westdal, Rolf Holmboe, Randolf Mank, Marius Grinius, P. Whitney Lackenbauer, and Adam Lajeunesse
Publication Date:
03-2016
Content Type:
Journal Article
Journal:
The Global Exchange
Institution:
Canadian Global Affairs Institute (CGAI)
Abstract:
The Dispatch (later called The Global Exchange) is the Canadian Global Affairs Institute’s quarterly magazine featuring topical articles written by our fellows and other contributing experts. Each issue contains approximately a dozen articles exploring political and strategic challenges in international affairs and Canadian foreign and defence policy. This Spring 2016 issue includes articles on Canada's international reputation, foreign relations, defense policy and more.
Topic:
International Relations, Security, Defense Policy, Peacekeeping, Cybersecurity, Weapons, Brexit, Nonproliferation, Syrian War, Trans-Pacific Partnership, and Peace
Political Geography:
Britain, Russia, China, Canada, Israel, Asia, North Korea, Syria, North America, and Arctic

14. TPP From Taiwan’s Vantage Point: Political, Trade, and Strategic Considerations

Author:
Sara Yi-ying Lin Lin
Publication Date:
07-2015
Content Type:
Working Paper
Institution:
Project 2049 Institute
Abstract:
Established in 2008, The Trans-Pacific Partnership (TPP) has been closely followed by the major trading nations in the Asia-Pacific. Taiwan, or the Republic of China (ROC), and other non-members have been observing the developments in the negotiation process of this “21st Century Agreement” and preparing their respective country’s strategies and policies in response to the agreement. As a member of the Asia-Pacific region, it is critical for Taiwan to join the TPP in the near future.
Topic:
Alliance, Trans-Pacific Partnership, Trade, and Strategic Competition
Political Geography:
Taiwan and Asia