Should-Read: Koichi Hamada: The Rebirth of the TPP
Should-Read: Koichi Hamada: The Rebirth of the TPP: “Jagdish Bhagwati said… ‘the TPP was a bit like allowing people to play golf in a club, but only if they also attended a particular church’… https://www.project-syndicate.org/commentary/tpp-revival-japan-us-by-koichi-hamada-2017-06
…The deal’s signatories were in it for the golf–that is, the expanded trade and investment flows. But they couldn’t avoid the obligation to accept rules that would benefit the US…. The US… had a strong national interest in both the golf and the church. Now it will get neither. And when the new TPP, excluding the US, begins to flourish, US businesses will be wishing Trump had not canceled their tee time…