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Case Study 3

The document discusses several critical issues raised by trade agreements like TTIP and TPP from the US perspective. It notes that the negotiations could bring US or EU standards to developing countries. There are also concerns about mutual recognition of approval standards between the US and EU. Additionally, people are concerned about whether these agreements will increase American jobs or send them overseas due to lower labor costs. The document expresses the view that withdrawing from these agreements, as Trump did, is justified because they fail to address currency manipulation and include an ISDS mechanism that is favorable to corporations. However, regional integration in Asia-Pacific still has prospects due to the region's economic dynamism, though it faces challenges in coordinating diverse countries.

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50 views4 pages

Case Study 3

The document discusses several critical issues raised by trade agreements like TTIP and TPP from the US perspective. It notes that the negotiations could bring US or EU standards to developing countries. There are also concerns about mutual recognition of approval standards between the US and EU. Additionally, people are concerned about whether these agreements will increase American jobs or send them overseas due to lower labor costs. The document expresses the view that withdrawing from these agreements, as Trump did, is justified because they fail to address currency manipulation and include an ISDS mechanism that is favorable to corporations. However, regional integration in Asia-Pacific still has prospects due to the region's economic dynamism, though it faces challenges in coordinating diverse countries.

Uploaded by

Mink gyo
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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65100391 Siwarat Srithep

3-9 Which critical-thinking issues are raise by this case?

These trade agreements


through the US perspective
must be strictly look out, there
are
numerous critical issues need
to be consider. The outcome of
the negotiations, these can be
either give positive or negative
affect for the agreements.
First, the negotiation with the
TTIP
and the TPP will ultimately
bring US or EU standards to
emerging or developing
nations.
Next, the main concerns with
the TTIP is the mutual
recognition of each other (US
and EUs)
approval standards in different
areas. Furth more, in both
agreements the nation’s
population
main concern is will this
increase jobs in America or
send more jobs overseas due to
lower
labour cost
These trade agreements through the US perspective must be strictly look out, there are
numerous critical issues need to be consider. The outcome of the negotiations, these can be
either give positive or negative affect for the agreements. First, the negotiation with the TTIP
and the TPP will ultimately bring US or EU standards to emerging or developing nations.
Next, the main concerns with the TTIP is the mutual recognition of each other (US and EUs)
approval standards in different areas. Furthermore, in both agreements the nation’s
population main concern is will this increase jobs in America or send more jobs overseas due
to lower labour cost.
3-10 Are you in favor of dropping U.S. tariffs on footwear, even if it means some New
Balance employees might lose their jobs?
There are 2 tough sides to this argument. First is the benefits of eliminating footwear
through the Trans Pacific partnership. Agreement would greatly help the U.S. economy.
Second is eliminating tariffs through the Trans-Pacific Partnership would damage the U.S.
economy by shutting down America’s few domestic footwear factories. With these
arguments, one could say that the elimination of tariffs on footwear unfortunately sends
American jobs overseas due to lower labour cost but in turn is increasing the workforce in
foreign countries. This increase in workforce increases the middle class and ultimately opens
the market for American goods.
3-11 Do you agree with President Trump’s decisions to withdraw the United States from
TTIP and TPP?
I’m agree with Trumps. Since 2017, he withdrew the U.S. from the deal, the other 11
TPP countries signed a modified agreement. EU didn’t focus on U.S. as well. Trans-Pacific
Partnership is a bad deal for the majority of American workers, in part because it fails to
include a provision to stop currency manipulation. The Trans-Pacific Partnership (TPP) is a
trade agreement between the United States and 11 Pacific Rim countries and if the TPP leads
to expanding trade with these countries it will contribute to a continuing growth of imports
and growing downward pressure on the wages of non-college educated workers. As
negotiated, it includes a special private dispute resolution system that is a huge give-away to
multinational corporations, and weak rules of origin that would allow China and others non-
members of the TPP to export parts and components, through TPP partners, duty-free to the
US with only minimal modifications. Where the negotiations are unable to complete this
deregulatory agenda, TTIP seeks to harmonise regulations. Any proposed new regulations in
the future could be screened in order to minimise their impact on private sector activity. If
national governments do still introduce any new laws or regulations on corporate activity,
TTIP will include provisions for an investor-state dispute settlement (ISDS) mechanism to
allow foreign investors to sue the host country in their own privileged court system for any
resulting loss of future profits.

3-12 Assess the prospects for regional integration in the Asia-Pacific region.
The Asia Pacific region, with its dynamic economy and rich cultural diversity, is
growing rapidly in significance and is set to play a critical and important role in the world as
the 21st century unfolds. A key factor in its success will lie in the capacity and willingness of
the region’s countries to co-operate with one another across a wide range of activities.
explores the prospects for deeper integration in the region and examines some of the key
challenges and opportunities that lie ahead. For many observers of the world economy, the
21st century will belong to the Asia Pacific region. The sheer dynamism of its peoples and its
huge economic and technological potential do indeed bode well for the future. At the same
time it is a highly diverse region, and although interdependence has increased in recent years
driven primarily by market forces. The pace towards greater interchange may now be
gathering speed, as countries in the region show growing interest in, and place greater
emphasis on, more formal co-operation. The aim was to bring together the most influential
practitioners, policy makers, strategists and thinkers in the region to consider, over two days,
the critical issues affecting the outlook for regional integration across a number of broad
fronts. The Symposium was to be co-chaired by The Hon Bob Hawke, former Prime Minister
of Australia, and Michael Oborne, Director of the OECD International Futures Programme.
Generous sponsorship was pledged by both Mitsubishi Australia and the South Australian
Government to support the meeting. By that time, however, a very substantial set of
Symposium presentations had already been prepared, and the decision was taken to publish
the papers for the benefit of global scholarship and regional understanding.

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