The Trans-Pacific Partnership and Asia-Pacific integration : a quantitative assessment
Author(s)
Bibliographic Information
The Trans-Pacific Partnership and Asia-Pacific integration : a quantitative assessment
（Policy analyses in international economics, 98）
Peterson Institute for International Economics , East-West Center, 2012
Available at / 24 libraries
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Library, Institute of Developing Economies, Japan External Trade Organization図
AA||330.2||T818307439
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Note
"November 2012"
Includes bibliographical references (p. 133-136) and index
Description and Table of Contents
Description
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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