08
February
2017
|
23:37
Asia/Singapore

The pros and cons of US withdrawal from TPP

Assoc Prof Shin Jang-Sup from the Dept of Economics at NUS Faculty of Arts and Social Sciences noted that history shows the freest trade does not necessarily guarantee maximum growth of the world economy. Thus, he opined that US President Donald Trump’s dumping of the Trans-Pacific Partnership (TPP) and his intended revisions of other trade agreements would not have strong negative effects on the world economy.