Paul Krugman's take from March: I’d argue that it’s implausible to claim that TPP could add more than a fraction of one percent to the incomes of the nations i

Paul Krugman's take from March: I’d argue that it’s implausible to claim that TPP could add more than a fraction of one percent to the incomes of the nations involved; even the 0.5 percent suggested by Petri et al looks high to me. These gains aren’t nothing, but we’re not talking about a world-shaking deal here. So why do some parties want this deal so much? Because as with many “trade” deals in recent years, the intellectual property aspects are more important than the trade aspects. Leaked documents suggest that the US is trying to get radically enhanced protection for patents and copyrights; this is largely about Hollywood and pharma rather than conventional exporters. http://krugman.blogs.nytimes.com/2015/03/11/tpp-at-the-nabe/ http://krugman.blogs.nytimes.com/2015/03/11/tpp-at-the-nabe/