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>The estimated benefit of TTIP is 400,000 jobs and 0.5% GDP for the EU. My support for most post-globalisation trade liberalisation treaties tends to be lukewa
by chiaro 10y ago
>The estimated benefit of TTIP is 400,000 jobs and 0.5% GDP for the EU.
My support for most post-globalisation trade liberalisation treaties tends to be lukewarm. However, this can't really be called "not much". 400,000 jobs against a working population of ~300M is a decrease in unemployment by .13 percentage points. 0.5% increase in GDP is still ~70B that otherwise wouldn't be there.
- skosch 10y agoAnd those 70B are going to trickle down, aren't they?
- pizza234 10y agoEstimates vary wildly. According to a Techdirt [1] article, the mentioned 0.5% is pure marketing. Besides, you can't decontextualize the gains from the losses, both economical and cultural. I can imagine for example, in worst case scenario, billions transferred from EU to tax havens because of the ISDS, and job losses because of [partial] loss of protection of Geographical indications. [1]=https://www.techdirt.com/articles/20140417/09391926947/taftattip-what-are-benefits-what-are-costs.shtml https://www.techdirt.com/articles/20140417/09391926947/tafta...