In the article Trans-Pacific
Partnership, author Mel Gurtov points out that the impending US-centric
goals of the TPP ‘partnership’ could be on the hot spot as China emerges to
become a bigger economic influence —thus threatening the US’s “global strength”.
As we know, TPP not only influences it’s
members’ economies but also those of others through displacements of trades and
commodities around the globe. And so, the
US’s role seems so dominating in the market.
However, I am quite looking forward to see China having its own system
of trade and investments independent from any influences of already-been
established groups in the industry. Through this, maybe Asian countries could have
better positions in decision making and market policies if China ever does so. This includes commodities circulating in Asia
For Asia, improving the import/export market in the continent. Through class lectures and readings, I am learning
more about how US plays an ‘important’ role in the global market and policy
system. However, my question remains: is
the US’s role truly important, or could there be another players that have a larger
role in global trade that I do not see? I know there are many, and I would love to know more about their role and influences.
Image url: http://www.chinahearsay.com/wp-content/uploads/2010/09/china-us-debt.jpg
Reference: Gustov, Mel. The Trans-Pacific Partnership: A Deeply Flawed Partnership. May 2015
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