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Tag: Trade

 

Mega-Regional Trade Agreements: Boon or Bane for Developing Countries?

The United States is negotiating trade and investment partnership agreements that would cover more than half of global trade if successful: the Transatlantic Trade and Investment Partnership (TTIP) with the European Union and the Trans-Pacific Partnership (TPP). Chile, Malaysia, Mexico, Peru, and Vietnam are part of TPP, along with Australia, Canada, Japan, New Zealand, and Singapore. But most developing countries, and all of the poorest and most vulnerable, are on the outside looking in.

India’s Puzzling New PPP

Last week saw the release of the new 2011 Purchasing Power Parity (PPP) rates for GDP produced by the International Comparison Program (ICP). The ICP is a major global statistical operation. The Global Office is housed in the World Bank but the ICP is implemented separately in each region by designated regional counterparts.

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