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I did read the text of TPP and it still isn't clear how it would have guaranteed that signers would not continue trading in large part with China. What I'm loo
by mdorazio 7y ago
I did read the text of TPP and it still isn't clear how it would have guaranteed that signers would not continue trading in large part with China. What I'm looking for is an actual economic analysis showing that TPP would have made it so that not trading with China carried a significant cost benefit in comparison to utilizing its market efficiencies and lower costs. I've yet to see such an analysis from a credible source, so I'm still working under the assumption that signers would have continued trading with China without any significant checks on its economy or policies.
- nl 7y agoI don't think anyone credible ever thought it would stop trade with China. I think the dependency argument is more that if there is more trade between countries within the TPP system, it would have given China less policy strength because countries aren't as dependent on it. If a country makes a large amount of their export income from a single source they are very vulnerable to policy blackmail by that country.