econ Ex cred. mod 3 and 4

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Pbheuz1

Economics

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The Trans-Pacific Partnership (TPP) is a proposed trade agreement among twelve Pacific Rim countries on several economic policy issues, including measures to lower trade barriers, such as tariffs, and establish an investor-state dispute settlement mechanism, reached on 5 October 2015 after 5 years of negotiations.

https://en.wikipedia.org/wiki/Trans-Pacific_Partnership

http://www.npr.org/sections/thetwo-way/2015/10/06/446112883/this-we-do-know-about-tpp-the-shouting-is-already-loud

http://www.npr.org/sections/thetwo-way/2015/10/05/445987857/u-s-other-nations-reportedly-reach-agreement-on-trans-pacific-partnership

http://www.npr.org/sections/itsallpolitics/2015/06/16/414893279/as-nafta-memories-linger-unions-hold-fast-against-new-trade-deal

https://www.eff.org/issues/tpp

After becoming familiar with the TPP by accessing at least all of the sources above, state:

1) What would be some of the benefits and some of the costs of this agreement for the participating countries, focusing on different industries, workers and the labor markets in each participating country?

 2) Next, focusing on the U.S., state how could the TPP agreement affect:

Structural unemployment

RGDP growth rate

Growth rate of exports

Based on the above, would you be a supporter of TPP agreement or not. Explain why? You are encouraged to use a discussion based on the New Growth Theories first introduced in Module 3 (Chapter 9).


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