by Peter A. PetriWhile global trade negotiations remain stalled, two tracks of trade negotiations in the Asia-Pacificthe proposed Trans-Pacific Partnership (TPP) agreement and a parallel Asian trackcould generate momentum for renewed liberalization and provide pathways to region-wide free trade. This book investigates what these trade negotiations could mean to the world economy. Petri, Plummer, and Zhai estimate that world income would rise by $295 billion per year on the TPP track, by $766 billion if both tracks are successful, and by $1.9 trillion if the tracks ultimately combine to yield region-wide free trade. They find that the tracks are competitive initially but their strategic implications appear to be constructive: the agreements would generate incentives for enlargement and mutual progress and, over time, for region-wide consolidation. The authors conclude that the crucial importance of Asia-Pacific integration argues for an early conclusion of the TPP negotiations, but without jeopardizing the prospects for region-wide or even global agreements based on it in the future.
|Title||Trans-Pacific Partnership and Asia-Pacific Integration|
|eBook format||ebook, (torrent)|
|Author||Peter A. Petri|
|File size||6 Mb|
|Book rating||0.7 (0 votes)