Trade Deals Must Allow for Regulating Finance

Real-World Economics Review Blog

World leaders who are gathering for the APEC summit next week had hoped to be signing the Trans-Pacific Partnership Agreement (TPP). The pact would bring together key Pacific-rim countries into a trading bloc that the United States hopes could counter China’s growing influence in the region.

But talks remain stalled. Among other sticking points,  the U.S. is insisting that its TPP trading partners dismantle regulations for cross-border finance. Many TPP nations will have none of it, and for good reason. The U.S. stands on the wrong side of experience, economic theory, and guidelines issued by the International Monetary Fund.

Indeed, it’s the U.S. that could learn a few lessons from the TPP countries when it comes to overseeing cross-border finance.

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One Response to Trade Deals Must Allow for Regulating Finance

  1. I thought that this article makes us consider Brazilian policies about high interest rates. What kind of capital investment do we want here? Is it important for our economy to really maintain this necessity of money?

    Like

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