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Thoughts on the TPP: A Demurring American View on Trade | Abstract

Global Journal of Commerce & Management Perspective
Open Access

ISSN: 2319-7285

Abstract

Thoughts on the TPP: A Demurring American View on Trade

Todd J. Barry

The Trans-Pacific Partnership (TPP) is a wide-ranging trade agreement, recently under discussion, that has the ability to affect numerous countries in and along the Pacific Ocean, including the United States. This paper is a commentary, or short communication, that begins by looking at economic theory, to show that the agreement would have varied consequences for different groups. In particular, the issue of income inequality is an important topic currently in the United States’ political discussion, which could be effected by the outcome of the talks. This is shown, methodologically, through a discussion of the history of economic trade theory. An American economist’s view is then offered to critique the plan and offer suggestions for future trade dealings

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