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An analysis of the current economic movements in the eyes of

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Kate Parker

on 16 November 2015

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Transcript of An analysis of the current economic movements in the eyes of

An analysis of the current economic movements in the eyes of the world’s 2 largest economies.
Kate Parker, Jonathan Morales, Matias Weisbraun
Where does America currently stand in the Economic movements?
NAFTA
NAFTA
TPP
T-TIP
Work migrated to Mexico
Agenda
Agreement between the US, Mexico and Canada that creates a trading block
Decrease in tariffs
Wage increases
Increased trade
Advantages
Disadvantages
US job losses
Poor development in working conditions and protection
Customs regulations remain
Poor environmental preservation
How Will The TPP Improve On NAFTA?
2 main areas of improvement
Workers protection and environment preservation
examples...
Child and forced labour
Minimum wage
Violation of labour rights
Overfishing
Violation of environmental protection
Where does China currently stand in the Economic movements?
Disadvantages of not being in TPP
China in a strong economic position
13 FTA's
11 FTA's in discussion
Left out of TPP talks
Potential Economic loss of $46billion to China’s economy by 2025
America and Japan exercising leadership
Lack of social reform has been highlighted
China already holds free trade agreements with 8 of 12 TPP members
TPP countries hold more trade with China than USA
China can access TPP benefits without being a member
RCEP negotiations are likely to speed up
China has no need to actively reform social and economic policies
"Why China Should Join the Trans-Pacific Partnership." The Brookings Institution
"What Will the TPP Mean for China?" ChinaFile
"The Trans-Pacific Partnership: A Gentle Push for Chinese Economic Reform." The Politic
MINISTRY OF COMMERCE,PRC. China's Free Trade Agreements
"Leaving China out of the TPP Is a Terrible Mistake."
"The U.S.-China Economic Relationship: The TPP Is Not the Answer."
"Leaving China out of the TPP Is a Terrible Mistake."
"The U.S.-China Economic Relationship: The TPP Is Not the Answer."
"China to Keep Eye on TPP Impact." China Daily
"Why China Should Join the Trans-Pacific Partnership." The Brookings Institution
MINISTRY OF COMMERCE,PRC. China's Free Trade Agreements
Bibliography
"Pros And Cons Of NAFTA." Investopedia
"Do NAFTA's Advantages Outweigh Its Disadvantages?" About.com News & Issues
Digital image. Wiki. N.p., n.d. Web. 15 Nov. 2015.
"Study: NAFTA Raised Pay Here and Abroad." Washington Post.
"Exporting the DMCA through Free Trade Agreements." Intellectual Property and Free Trade Agreements
America In A Bigger Picture
45% of U.S. exports in 2014
3 million U.S. jobs
Foreign Direct Investment (FDI) of 173 billion
Creation of 10,000 jobs or more per state
America’s Trade Policy, 2015
New York
Virginia State
Virginia Economic Development Partnership, 2013
Trade.gov
Trade.ec.europa.eu
Introduction
Current FTA U.S.
Upcoming FTA U.S.
China Disadvantages
China Advantages
Brief Overview
Final Evaluation
America
China
Malaysia (TPP)
Expected GDP growth of 21.8% in 2016
Ranked #12 by bloomberg in ease of conducting business
Czech Republic (TTIP)
Media speculation
Strong FTAs
13 free trade agreements, and 11 agreements currently under discussion
MINISTRY OF COMMERCE,PRC. China's Free Trade Agreements
Expected GDP growth of 21.1% by 2017
Virginia Economic Development Partnership, 2013
Full transcript