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The Trans-Pacific Partnership and the Path to Free Trade in the Asia-Pacific

Edited by Peter C.Y. Chow, Professor of Economics, City College and Graduate Center, City University of New York, US
Mega-regionalism in the Asia Pacific has led to the formation of several emerging trade blocs, including the Trans-Pacific Partnership. This book, in addition to the examination of trade policies in the region, offers a comprehensive analysis of ongoing developments such as the impact of new members on the incumbent TPP-12 and its spillover to third parties, as well an objective study of the crucial issues of liberalization of agriculture, pharmaceuticals, and intellectual property rights.
Extent: 320 pp
Hardback Price: $140.00 Web: $126.00
Publication Date: 2016
ISBN: 978 1 78536 003 9
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  • Asian Studies
  • Asian Economics
  • Economics and Finance
  • Asian Economics
  • International Economics
  • Regional Economics
  • Politics and Public Policy
  • Asian Politics
Mega-regionalism in the Asia Pacific has led to the formation of several emerging trade blocs, including the Trans-Pacific Partnership. This book, in addition to the examination of trade policies in the region, offers a comprehensive analysis of ongoing developments such as the impact of new members on the incumbent TPP-12 and its spillover to third parties, as well an objective study of the crucial issues of liberalization of agriculture, pharmaceuticals, and intellectual property rights.

Split into three diverse sections, this book is a joint venture of many outstanding scholars in various disciplines, all with expertise in the Asia Pacific’s regional affairs. These contributions provide readers with a rigorous assessment of membership enlargement and sectorial liberalization of the TPP as well as the pathways toward region-wide free trade areas. Editor Peter C.Y. Chow includes both an analysis of the trade policies of China and the US and a discussion of the impact of new members on trade complementarity, global value chains, and the US’s trade balance. Detailed studies on the effect of Taiwan’s membership on the US economy and industries such as agriculture, manufacturing, and service are also explored.

This edited volume will attract readers interested in international trade, economic integration, and globalization. Academics and practitioners in geopolitics, geo-economics, and international relations in the Asia Pacific will also be interested.
‘This book is an outstanding collection of essays on the TPP. All 11 chapters were written by professionals. It starts with insightful analyses of the US security and economic interests, and the US leadership in rebalancing Asia-Pacific. The book also includes unique captivating topics on pros and cons of enlarging the TPP memberships, especially using Taiwan as an example, and the effects of sectorial liberalization on agriculture, pharmaceuticals, income redistribution, and intellectual property protection. This book is a timely study of the TPP and is essential for economic and trade policymakers, political scientists, and empirical economists.’
– Frank S.T. Hsiao, University of Colorado, Boulder, US
Contributors: C. Barfield, L.-i. Chen Chiu, T.-J. Cheng, P.C.Y. Chow, D. Ciuriak, B.-X. Hsu, W.-C. Lee, C.-Y. Liu, A. Somwaru, H. Thompson, F. Tuan, J. Xiao
Contents:

Preface

PART I THE PATHWAYS TOWARD MEGA REGIONALISM AND THE TWO MAJOR PLAYERS
1. Pathways to a Free Trade Area of the Asia Pacific: Problems and Prospects
Peter C.Y. Chow

2. The Trans-Pacific Partnership and America’s Strategic Role in Asia
Claude Barfield

3. Wrestling over the Trans-Pacific Partnership: US Strategic Interests, China’s Responses, and Taiwan’s Membership Options
Tun-Jen Cheng and Wei-Chin Lee

PART II ENLARGING THE TPP MEMBERSHIP AS A ROAD MAP TOWARD MEGA TRADE BLOC
4. Taiwan's TPP Accession: Impact on the TPP12 and Spillovers on Third Parties
Dan Ciuriak and Jingliang Xiao

5. Trade Complementarity and Natural Trading Partners between the US and Second Round of TPP members
Peter C.Y. Chow

6. The Impact of Taiwan’s TPP Accession on the United States
Dan Ciuriak and Jingliang Xiao

7. TPP as A Pathway to APEC-based FTAAP
Peter C.Y. Chow and Bo-Xian Hsu

PART III SECTORIAL LIBERALIZATION OF TRADE UNDER TPP
8. Agriculture and TPP with or without China – A Partial Equilibrium Analysis
Francis Tuan and Agapi Somwaru

9. Pharmaceuticals and Herbal Medicine in the Asia Pacific amidst TRIPS and the TPP
Lee-in Chen Chiu

10. Services and Income Redistribution in Specific Factor Models of the Trans-Pacific Partnership
Henry Thompson

11. The Case for Flexible Intellectual Property Protections in TPP: How Can the US Do It Correctly
Ching-Yi Liu

Index