Some Real Costs of the Trans-Pacific Partnership

Lost Jobs, Lower Incomes, Rising Inequality

A Paper by Jomo Kwame Sundaram, United Nations Assistant Secretary-General for Economic Development in the United Nations Department of Economic and Social Affairs (2005-2015), published by Global Development and Environment Institute

In sum, the TPP will increase pressures on labor incomes, weakening domestic demand in all participating countries, in turn leading to lower employment and higher inequality. Even though countries with lower labor costs may gain greater market shares and small GDP increases, employment is still likely to fall and inequality to increase.

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