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The Trans-Pacific Partnership: Suddenly a ‘Game Changer’

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  • Bryan Mercurio

Abstract

type="main" xml:id="twec12212-abs-0001"> This article argues that the entry of Canada, Mexico and most importantly Japan has dramatically shifted the prospects and potential impact of the TPP. More specifically, the article offers four reasons why the entry of Canada, Mexico and Japan has transformed the TPP from a potentially failed agreement of limited economic significance and great geopolitical risk to a ‘game changer’ for the region and beyond. The article also recognizes that while the entry of Canada, Mexico and Japan has transformed the TPP negotiations, their entry comes with some potentially serious risks. The article discusses three specific risks the new entrants bring to the negotiations.

Suggested Citation

  • Bryan Mercurio, 2014. "The Trans-Pacific Partnership: Suddenly a ‘Game Changer’," The World Economy, Wiley Blackwell, vol. 37(11), pages 1558-1574, November.
    • Handle: RePEc:bla:worlde:v:37:y:2014:i:11:p:1558-1574
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    File URL: http://hdl.handle.net/10.1111/twec.2014.37.issue-11
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    Cited by:

    1. Julio César Cepeda Ladino, 2015. "Acuerdo de Asociación Transpacífico (TPP): una visión desde Colmbia," Revista Digital Mundo Asia Pacífico, Universidad EAFIT, vol. 4(7), pages 87-99, December.
    2. Takeshi Yagihashi & David D. Selover, 2017. "How Do the Trans-Pacific Economies Affect the USA? An Industrial Sector Approach," The World Economy, Wiley Blackwell, vol. 40(10), pages 2097-2124, October.
    3. Hiro Lee & Ken Itakura, 2015. "Applied General Equilibrium Analysis of Mega-Regional Free Trade Initiatives in the Asia-Pacific," OSIPP Discussion Paper 15E001, Osaka School of International Public Policy, Osaka University.

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