The TPP trades on US clout at the expense of innovation

Revealing figures about the recent decline in US-based innovation hint at the nation’s motivations for its impromptu involvement in the Trans-Pacific Partnership treaty.

Professor John Jackson, of the University of Michigan Law School, once suggested that international trade negotiations operated under the bicycle principal. Put simply: ‘If you're not moving forward you are probably falling off’.’ And, to take the example of the World Trade Organisation’s progress over the past decade, little forward motion is really needed.

But a recent article in The Age, ‘How China’s know-how is challenging the US’, suggests previously unrecognised factors may have spurred the US' entry into the negotiations for the Trans-Pacific Partnership Agreement.

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