15/03/30 22:29:59.82 74+43h3/.net
>>102の続き
What about TPP? There are still important barriers in agriculture, but
advocates are pinning most of their case on services, where we’re talking
about more diffuse issues of access. How much could that be worth? I try
to put some upper bounds on the gains (slide 6). I’ve estimated that
“hyperglobalization” --- the expansion of world trade to unprecedented
levels since 1990 --- has added about 5 percent to world incomes; but that’s
the combination of everything: containerization, drastic trade liberalization
in developing countries, the internet. A better model might be Europe’s
Single Market Act, which the European Commission now estimates added 1.8
percent to real incomes; but Eichengreen and Boltho suggest that about half
of that reflects policy changes that would have happened anyway.