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The Trans-Pacific Partnership Agreement: Promoting Waves of Innovation

In: Megaregionalism 2.0 Trade and Innovation within Global Networks

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  • Douglas Lippoldt

Abstract

The Trans-Pacific Partnership (TPP) is the most ambitious international trade deal in 20 years. Although it still has to be ratified, once in place, it could lead to substantial improvements in intellectual property protection and market openness. TPP would offer innovative firms the prospect of a larger addressable market and that may incentivize R&D expenditure and new product development for the expanded market. This chapter reviews the trade and innovation nexus in the context of the proposed rule-based trade reforms under the TPP. It considers empirically the recent experience with Intellectual Property Rights (IPR) reforms and the positive association of such reforms with indicators of economic and innovation performance. It reviews the changes embodied in the TPP and concerns that have been raised. It concludes that TPP offers an important economic opportunity for the TPP partner countries and highlights innovation issues to consider going forward.

Suggested Citation

  • Douglas Lippoldt, 2018. "The Trans-Pacific Partnership Agreement: Promoting Waves of Innovation," World Scientific Book Chapters, in: Dieter Ernst & Michael G Plummer (ed.), Megaregionalism 2.0 Trade and Innovation within Global Networks, chapter 3, pages 23-52, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789813229839_0003
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    More about this item

    Keywords

    Globalization; Megaregionalism; Trade; Innovation; Trade Gains; Negative Impacts; Trade Rules; Intellectual Property; Standards; Asia; China; TPP; RCEP;

    JEL classification:

    • F10 - International Economics - - Trade - - - General

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