EU politicians may soon realise they should get rid of TTIP, the EU-US trade agreement under negotiation. I will explain why they may reach this conclusion and how to use ISDS as a deal breaker.
TTIP has two main objectives: creating jobs and growth, and setting global rules.
Jobs and growth
Various studies show that TTIP will create jobs and growth. All these studies use the Computable General Equilibrium (CGE) model, which assumes that the market will solve unemployment problems through lower wages. However markets are less flexible than assumed in the CGE model, and the model does not include that lower wages lead to less demand. (The EU commission is silent about the lower wages.)
Jeronim Capaldo assessed the effects of TTIP using the more realistic United Nations Global Policy Model. The study projects that for the EU TTIP will lead to less net exports, a contraction of GDP and personal incomes, and 600.000 lost jobs. This would seriously harm the EU.
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Sunday, December 7. 2014
How to get rid of TTIP and use ISDS as a deal breaker
Geplaatst door Ante Wessels
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Last modified on 07-12-2014 23:02
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