The Trans-Pacific partnership and Asia-Pacific integration : a quantitative assessment
The Trans-Pacific partnership and Asia-Pacific integration : a quantitative assessment
dc.contributor.author | Petri, Peter A. | |
dc.contributor.author | Plummer, Michael G. | |
dc.contributor.author | Zhai, Fan | |
dc.date.accessioned | 2012-03-22T02:17:56Z | |
dc.date.available | 2012-03-22T02:17:56Z | |
dc.date.issued | 2011-10-24 | |
dc.description | For more about the East-West Center, see <a href="http://www.eastwestcenter.org/">http://www.eastwestcenter.org/</a> | |
dc.description.abstract | Two emerging tracks of trade agreements in the Asia-Pacific—one based on the proposed Trans-Pacific Partnership (TPP) agreement and an Asian track—could consolidate the “noodle bowl” of current smaller agreements and provide pathways to a Free Trade Area of the Asia-Pacific (FTAAP). We examine the benefits and strategic incentives generated by these tracks over 2010-2025. The effects on the world economy would be small initially but by 2025 the annual welfare gains would rise to $104 billion on the TPP track, $303 billion on both tracks, and $862 billion with an FTAAP. The tracks will be competitive but their strategic implications are constructive: each would generate incentives for enlargement. Over time, strong economic incentives would emerge for the United States and China to consolidate the tracks into a region-wide agreement. Each track would bring a different template to such consolidation and can be viewed as defining a “disagreement point” in the Asia-Pacific bargaining game. The study is based on an analysis of 48 actual and proposed Asia-Pacific trade agreements and models impacts on variables including sectoral trade, output, employment and job shifts in 24 world regions. | |
dc.format.extent | 72 p. | |
dc.identifier.uri | http://hdl.handle.net/10125/22298 | |
dc.language.iso | en-US | |
dc.publisher | Honolulu : East-West Center | |
dc.relation.ispartofseries | East-West Center working papers. Economics series ; no. 119 | |
dc.subject.lcsh | Trans-Pacific Partnership Agreement (2006) | |
dc.subject.lcsh | Asia - Economic integration | |
dc.subject.lcsh | Pacific Area - Foreign economic relations - Asia | |
dc.subject.lcsh | Asia - Foreign economic relations - Pacific Area | |
dc.subject.lcsh | Free trade - Pacific Area | |
dc.subject.lcsh | Free trade - Asia | |
dc.title | The Trans-Pacific partnership and Asia-Pacific integration : a quantitative assessment | |
dc.type | Papers | |
dc.type.dcmi | Text |
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