Lessons from the Trans-Pacific Partnership
The Trans-Pacific Partnership is a “broadly gauged bargain about critical rules of the market,” IGS Affiliated Faculty Member John Zysman writes in a new discussion paper on the international trade agreement.
Zysman, the Co-Director of the Berkeley Roundtable on the International Economy (BRIE), says that the TPP raises a critical question: Do we want marketplace rules to be determined by international treaties or by domestic political transactions?
Zysman concludes that the TPP “involves further moves toward setting domestic marketplace rules by treaty rather than domestic processes.”
“TPP is clearly, at the same time, a geo-economic tool used to extend the domain of the market economy and some basic principles that in advanced economies most would agree to,” Zysman writes in the paper, which was written for a conference about the trade pact and published on the BRIE website.
In addition to being Co-Director at BRIE, Zysman is a Professor Emeritus of Political Science at Berkeley, and an Affiliated Faculty Member at IGS. He has written extensively on European and Japanese policy and corporate strategy.