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Books > Business & Economics > Economics > International economics > International trade > Trade agreements & tariffs
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The Trans Pacific Partnership, China and India - Economic and Political Implications (Paperback)
Loot Price: R1,098
Discovery Miles 10 980
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The Trans Pacific Partnership, China and India - Economic and Political Implications (Paperback)
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The United States and 11 other countries from both sides of the
Pacific are currently negotiating the Trans-Pacific Partnership
(TPP). The agreement is expected to set new benchmark for
international trade through its comprehensive coverage of issues
and binding regulations. It is expected to eventually mature into a
regional trade agreement covering the entire Asia-Pacific. As of
now, it does not include China and India, the two largest emerging
markets and regional economies. The TPP has generated controversy
for its excessive emphasis on trade issues, which have remained
unresolved or unaddressed at the WTO due to differences between
developed and emerging markets. It has also been criticized for
adopting a negotiating style reflecting the US regulatory approach
to international trade and also as a geo-political strategy of the
US for supporting its strategic rebalancing towards Asia. From both
economic and geo-political perspectives, the TPP has various
significant implications for China and India that are examined in
the book. This book sheds light on how China and India's entries in
the TPP are mutually beneficial and how both countries can gain
from the TPP by gaining preferential access to large markets and
using it as an opportunity for introducing more outward-oriented
reforms. The book also cautions that US must reconcile to the
rebalancing of economic power within the grouping that will occur
following the entries of China and India. Otherwise, the TPP and
China and India might walk divergent paths and trade and regional
integration in Asia-Pacific may not ever converge. This book will
interest anyone who wishes to learn more about the TPP and its
future implications and challenges and China and India's roles in
global and regional trade.
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