A weighting game
Pacific trade talks expose the limits of economic modelling
THE Trans-Pacific Partnership (TPP), a putative trade agreement, would ease commerce between America, Japan and ten other countries that between them account for two-fifths of global GDP. But how beneficial would it be to these economies? Advocates claim it would boost their output by nearly $300 billion in a decade. Critics say it would make little or no difference.
This article appeared in the Finance & economics section of the print edition under the headline “A weighting game”
From the May 30th 2015 edition
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