Friday, January 17, 2014

Joseph Stiglitz on trade agreements

Academics often do write (often critically) about policy challenges and trade policy. However, when the likes of Joseph Stiglitz write, it does evoke interest.

Came across this letter from Joseph Stiglitz written to trade negotiators. I do not normally write about intellectual property issues nor about trade agreements but what I found interesting in this letter is seeking a TRIPS minus outcome in a trade agreement.
"At this point in time, we do not need a TRIPS plus trade agreement, we need a TRIPS minus agreement. The TPP proposes to freeze into a binding trade agreement many of the worst features of the worst laws in the TPP countries, making needed reforms extremely difficult if not impossible."
Hat tip to International Political Economy Zone for this one.

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