The Trans-Pacific Partnership: A Flawed Deal
May 13, 2015
Joseph E. Stiglitz
The United States and the world are engaged in a great debate about new trade agreements. Such pacts used to be called free-trade agreements; in fact, they were managed trade agreements, tailored to corporate interests, largely in the United States and the European Union. Today, such deals are more often referred to as partnerships, as in the Trans-Pacific Partnership (TPP). But they are not partnerships of equals: the United States effectively dictates the terms.