Last Sunday, I wrote about the proposed Trans-Pacific Partnership. It would be the largest and most ambitious trade agreement in United States history, involving 12 and possibly more nations.
It is said to be based on high standards for such things as intellectual property protection, the environment and labor issues. The TPP is also critical to the Obama administration’s “pivot to Asia.” While no one in power admits it, the agreement would be about offsetting China”s rising power as much as about trade.
Critics are many, It apparently doesn’t address currency manipulation. Another big controversy is that the negotiations are being conducted in extreme secrecy. What do you think?
Read on for some of the best business and economic links of the week, plus the haiku…
This Week’s Links:
• The shocking decline in productive investment | NY Times Economix
• The myth of the medical-device tax | NY Times
• People in Silicon Valley yawned at the shutdown. They shouldn’t have. | Washington Post
• Outside the U.S., even a technical default would have had profound consequences | Project Syndicate
• Adam Smith’s support for regulatory financial firewalls | Tim Taylor
• Tax rates, inequality and U.S. deficits | The Big Picture
• Sit-able cities are as important as walkable cities | TreeHugger
Today’s Econ Haiku:
A bungled rollout
Profits won’t be flubbed