Sachs highlights the shortcomings of the Trans-Pacific Partnership (TPP) and argues that the current draft of the TPP is "not worthy" of a 'yes' vote when it goes up for consideration. Sachs further notes that the TPP ultimately aims to secure four primary deals: 1) A free-trade deal among its signatories 2) A set of regulatory standards for trade 3) Regulations for investors, intellectual property, and 4) A set of standards on labor and the environment. Following the mention of each "deal," Sachs outlines the ways in which the deals are fundamentally flawed. You can read the full article here.
Jeffery Sachs discusses the TPP and says it is too flawed for a 'yes' vote
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Shang-Jin Wei
Shang-Jin Wei is N.T. Wang Professor of Finance and Economics and Chair in Chinese Business and Economy at Columbia University’s Graduate School of Business as well as Director for the National Bureau of Economic Research’s Working Group on the Chinese Economy and Research Fellow at the Center for Economic Policy Research.