continued to increase. According to Lewis (2013) “without Japan in the TPP, the prospects of the agreement expanding…would be limited” (p. 371). This was of great concern because there was anxiety that Japan might not have the desire to participate, given the opportunity with the RCEP. Moreover, the United States understood the impact that Japan would have on the ultimate success of the TPP. Without the participation of Japan, the US would be limited to trading with countries holding much smaller overall economies. Yet, with the inclusion of Japan, the TPP would be anchored by the world’s two largest free trade economies and potentially entice Canada and Mexico to join in. (Auslin, 2012). The United States would realize much greater economic
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408). As a result, over time, the TPP would help to clear up the messy entanglement of the numerous contradicting FTAs present in the Asia-Pacific region and beyond. Basically, solving the overlapping entanglement of some 300 plus global FTAs. Further, the implementation of the TPP was meant to have some political advantages for both Japan and the United States as they work through a very strained and sometime contensious relationship. By convincing Japan to join the TPP, the United States would have some leverage in battling the continually growing China economic presence. These had huge economic implications that were not addressed with the simulation conducted in the study, even though the inclusion and exclusion of China was tested for comparison results. Finally, economic impact could include jobs and wages, banking and lending regulations, energy policies, immigration, technology, environmental issues, and food safety (Stamoulis, 2013). While not directly impacting GDP or economic growth and vice a versa, these areas contribute to the comparative advantage of any country through skilled labor, governement policies and technology developments (Carbaugh, 2015). It was important to include these components of production and economics into the
408). As a result, over time, the TPP would help to clear up the messy entanglement of the numerous contradicting FTAs present in the Asia-Pacific region and beyond. Basically, solving the overlapping entanglement of some 300 plus global FTAs. Further, the implementation of the TPP was meant to have some political advantages for both Japan and the United States as they work through a very strained and sometime contensious relationship. By convincing Japan to join the TPP, the United States would have some leverage in battling the continually growing China economic presence. These had huge economic implications that were not addressed with the simulation conducted in the study, even though the inclusion and exclusion of China was tested for comparison results. Finally, economic impact could include jobs and wages, banking and lending regulations, energy policies, immigration, technology, environmental issues, and food safety (Stamoulis, 2013). While not directly impacting GDP or economic growth and vice a versa, these areas contribute to the comparative advantage of any country through skilled labor, governement policies and technology developments (Carbaugh, 2015). It was important to include these components of production and economics into the