Globalization and Trade Policies May 23

Last month the International Relations class discussed this same topic. Bill Taliaferro and Randal Donohue gave an excellent presentation about the TTIP and the TPP and alleviated many of my concerns. Globalization is inevitable and good for the world, but in certain areas there are winners and losers. Developed nations will lose jobs to developing nations whose workers are willing to work for starvation wages, but that allows those nations to develop. Minority cultures are often lost, and the environment is often severely damaged. The TPP is supposed to offer protections against exploitation of workers and damage to the environment. Without this agreement China would make their own agreements without those protections. The frequently asked questions about the TPP can be found at:

Despite that I still have several concerns that I think we should discuss in class.

  1. Why did mostly International Corporate representatives (90%) create these Trade bills? We have heard that there were 600 corporate lobbyists that had input but haven’t heard of any Union labor, or environmental representatives. Bill assured us the government also had representatives.
  1. Why was it kept so secret? Bill said that ALL trade negotiations must be made in secret. But there were severe restrictions on even members of Congress seeing the agreement that they were supposed to vote on. Fast track circumvented Congress’s Constitutional authority by not allowing Congressional review, amendment, and debate procedures. We know about part of the TPP and the TISA agreements because of Wikileaks but the public knows nothing about the TTIP. There is a $100,000 Euro reward for anyone who would leak that document so the public can learn about it. Some of these agreements have stipulations that they must remain secret for five years after the agreements are signed. Why shouldn’t people know what is in the laws that control them.
  1. The Investor State Dispute Settlements (ISDS) consist of a tribunal of three corporate lawyers. Their decisions can overrule National and State laws that protect the people and the environment, and can award billions of dollars to corporations for “anticipated lost profits”. These decisions cannot be appealed and usurp national and judicial sovereignty.
  1. The TISA agreement which affects 52 nations has a stipulation that encourages privatization of public entities like health services, utilities, and schools, and once privatized prohibits any of those entities from being nationalized again. Does the TTIP and TPP have the same regulations?
  1. Will these Trade agreements actually help America or Europe? We were told that NAFTA would provide jobs but has actually resulted in the loss of 700,000 jobs in America and massive poverty in Mexico because traditional farming cannot compete with agribusinesses.

“The U.S. International Trade Commission’s (ITC) report (pdf), issued Wednesday, shows that the TPP “would likely have only a small positive effect on U.S. growth,” Reuters reported.”

“Meanwhile, the ITC estimates a worsening balance of trade for 16 out of 25 U.S. agriculture, manufacturing, and services sectors that cover vehicles, wheat, corn, auto parts, titanium products, chemicals, seafood, textiles and apparel, rice, and even financial service. Indeed, output in the manufacturing sector would be $11.2 billion lower with TPP than without it in 2032, the ITC found, with employment down 0.2 percent. And while vehicle production would gain, auto parts, textiles, and chemicals would see reductions, the trade panel said.”

“The analysis also estimates the proposed 12-nation trade deal—a centerpiece of President Barack Obama’s economic agenda—will increase the U.S. global trade deficit by $21.7 billion by 2032.”

“The Global Development and Environment Institute at Tufts University study found that   GDP is projected to fall slightly, employment would decline, and inequality is projected to increase as labor’s share of income falls.”

What is Globalization 2:27 min

Global Mind: The Future of Globalization and Its Impact On Our World 4:14 min

The Trans-Pacific Partnership (TPP) Explained 3:20min

What are Investor State Dispute Settelments? 4 min.

TTIP, TISA Explained | Wikileaks | Jeremy Corbyn | Julian Assange 11 min.

The Secret Treaty That Could Ruin The World 3 min.

What is the Transatlantic Trade Investment Partnership? 4 min.

TPP: The Dirtiest Trade Deal You’ve Never Heard Of 2:40 min.

Robert Reich takes on the Trans-Pacific Partnership

The TPP What You’re Not Being Told

Investor State Dispute Settlement and Financial Crises 3:48

Globalization I – The Upside: Crash Course World History #41 11:50 min.

Globalization II – Good or Bad?: Crash Course World History #42

We should consider other things than simply corporate profits when we think of globalization and trade. We need to consider technology, pandemics, climate change. Terrorism etc. Sometimes trade policies run counter to local good, for example mining and timber decimates local communities but enrich individuals and nations.

Navigating our Future 7 min.

Which Country does the most Good?

The World isn’t really flat. 17  min.



About altruist1

I am a raging progressive and a writer. I received Bachelors degrees in Mechanical Engineering and Industrial Arts with a Secondary teaching certificate and a minor in Physics. I taught for about ten years, then did various jobs including welding,fabrication and traffic engineering, and am now retired. I am interested in science, energy, the environment, and architecture.
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One Response to Globalization and Trade Policies May 23

  1. altruist1 says:

    As a result of our discussion we learned that many of the assertions in the videos are misleading or flat out wrong. For example the ISDS’s tribunal members must be approved by both sides, they are not just corporate shills. The main purpose of the ISDS’s is to protect corporations investments in situations where there is a lot of corruption and shaky legal systems.
    Another misconception is that only corporate interests are represented. In fact it is the government trade representatives that do the negotiations with input from many sources.


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