Tuesday, June 23, 2015

The failure of the TPP matters, but not for economic reasons

The failure of the TPP matters, but not for economic reasons: "It seems likely that President Obama's flagship Asian free-trade deal, the Trans Pacific Partnership (TPP), will sink in the US Congress. Those who worry about its implications in specific sectors like pharmaceuticals might think this is a good thing. But what would be the broader implications? That depends on what difference TPP would make if it floats. The answer comes in two parts."



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