The Trans-Pacific trade agreement signed
last week between the United States and 11 other Pacific Rim countries will be
another nail in the coffin of the populist governments of Brazil, Argentina,
Venezuela and other countries that will be left even more isolated from the
global economy — and poorer — than before. Once ratified by the countries that
signed it, the agreement — officially known as Trans Pacific Partnership (TPP)
and heralded as the biggest trade deal in history — is expected to cover 40
percent of the world economy. It’s likely to be a major boost to trade and
investments among the United States, Japan, Australia, Singapore, Canada,
Mexico, Peru, Chile and the remaining Pacific Basin signatory countries. More…
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