| The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment Contributor(s): Petri, Peter (Author), Plummer, Michael (Author), Zhai, Fan (Author) |
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ISBN: 088132664X ISBN-13: 9780881326642 Publisher: Peterson Institute for International Economic OUR PRICE: $23.71 Product Type: Paperback - Other Formats Published: June 2012 |
| Additional Information |
| BISAC Categories: - Business & Economics | International - Economics |
| Dewey: 337.118 |
| LCCN: 2012037535 |
| Series: Policy Analyses in International Economics |
| Physical Information: 0.4" H x 6" W x 8.9" (0.55 lbs) 143 pages |
| Descriptions, Reviews, Etc. |
| Publisher 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. |