TPP Agreement
You must participate in this extra credit opportunity by the date stated on the Calendar of Activities in the Syllabus.
TheTrans-Pacific Partnership(TPP) is a proposedtrade agreement(Links to an external site.)among twelvePacific Rim(Links to an external site.)countries on severaleconomic policy(Links to an external site.)issues, including measures to lowertrade barriers(Links to an external site.), such as tariffs, and establish aninvestor-state dispute settlement(Links to an external site.)mechanism, reached on 5 October 2015 after 5 years of negotiations.
https://en.wikipedia.org/wiki/Trans-Pacific_Partnership(Links to an external site.)
http://www.npr.org/sections/thetwo-way/2015/10/06/ XXXXXXXXXX/this-we-do-know-about-tpp-the-shouting-is-already-loud(Links to an external site.)
http://www.npr.org/sections/thetwo-way/2015/10/05/ XXXXXXXXXX/u-s-other-nations-reportedly-reach-agreement-on-trans-pacific-partnership(Links to an external site.)
http://www.npr.org/sections/itsallpolitics/2015/06/16/ XXXXXXXXXX/as-nafta-memories-linger-unions-hold-fast-against-new-trade-deal(Links to an external site.)
https://www.eff.org/issues/tpp(Links to an external site.)
After becoming familiar with the TPP by accessing all the above sources and others on your own, answer these questions:
1) What would be some of the benefits and some of the costs of this agreement for the participating countries, focusing on different industries, workers and the labor markets in each participating country?
2) Next, focusing on the U.S., state how could the TPP agreement affect:
- Structural unemployment
- RGDP growth rate
- Growth rate of exports
Based on the above, would you be a supporter of TPP agreement or not. Explain why? You are encouraged to use a discussion based on the New Growth Theories first introduced in Module 3