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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment

The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment

Petri, Peter
Plummer, Michael
Zhai, Fan

Paperback

Series: Policy Analyses in International Economics, Book 98

Economics

ISBN10: 088132664X
ISBN13: 9780881326642
Publisher: Peterson Institute for International Economic
Published: Jun 15 2012
Pages: 143
Weight: 0.55
Height: 0.40 Width: 6.00 Depth: 8.90
Language: English
While global trade negotiations remain stalled, two tracks of trade negotiations in the Asia-Pacific--the proposed Trans-Pacific Partnership (TPP) agreement and a parallel Asian track--could 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.

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