The Trans-Pacific Partnership and the Path to Free Trade in the Asia-Pacific

The Trans-Pacific Partnership and the Path to Free Trade in the Asia-Pacific

Edited by Peter C.Y. Chow

Mega-regionalism in the Asia Pacific has led to the formation of several emerging trade blocs, including the Trans-Pacific Partnership. This book, in addition to the examination of trade policies in the region, offers a comprehensive analysis of ongoing developments such as the impact of new members on the incumbent TPP-12 and its spillover to third parties, as well an objective study of the crucial issues of liberalization of agriculture, pharmaceuticals, and intellectual property rights.

Chapter 10: Services and income redistribution in specific factors models of the Trans-Pacific Partnership

Henry Thompson

Subjects: asian studies, asian economics, economics and finance, asian economics, international economics, regional economics, politics and public policy, asian politics


The author applies a specific factors model to analyze the potential income redistribution inside Trans-Pacific partnership (TPP) countries due to increased trade and the changing prices of services, finding that there is a substantial income redistribution between three labor skill groups and industrial capital in the simulations. He argues that tax policies should anticipate rather than react to the pending income redistribution inside the TPP.

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