The recent article by Joseph Stiglitz is a frontal attack on the TPP, trade agreements, and globalization. Very interesting. But very wrong. Trade agreements open trade and bolster economic development. Income inequality within the U.S. does sap the interest in more trade agreements as well as foreign policy generally.
But it is up to the U.S. trade establishment to ensure open negotiations that respond to the national interest of the country and then to ensure sufficient enforcement of trade obligations.
The U.S. is leading the world in trade policy. We are trying to write new rules of global trade though the TPP and TTIP. China and other countries want in because they too want to participate in these new rule-making efforts.
If done properly the national interests of states and the global trading system will thrive. We’ll be on the right side of history.
….. “On the Wrong Side of Globalization,” New York Times (March 17, 2014).
….. “The U.S. is Trading Up.” Washington Post (April 4, 2014).