Japan and the Leadership of the World Trading System

Vinod K. Aggarwal

Abe Global, 2017

For several reasons, passage of the Trans-Pacific Partnership (TPP) would, on the whole, have been a good thing. For one, a multilateral approach to trade is in many ways better than a bilateral one. Moreover, the World Trade Organization (WTO) is worthy of strong support, and an open trading system should also be generally supported as a means for achieving global growth through efficiency, as long as countries play fair. Having established that liberal internationalist perspective, however, this essay takes a contrarian view of this conventional—and liberal—wisdom regarding TPP and trade policy more generally.

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