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Description - The Trans-Pacific Partnership and Asia-Pacific Integration - A Quantitative Assessment by Peter A. Petri

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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Book Details

ISBN: 9780881326642
Format: Paperback / softback
(228mm x 154mm x 9mm)
Pages: 144
Imprint: Institute for International Economics,U.S.
Publisher: Institute for International Economics,U.S.
Publish Date: 15-Jun-2012
Country of Publication: United States

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