University of Michigan Professor Alan Deardorff will speak on “The Trans-Pacific Partnership: Pros & Cons” for the sixth annual Harold Hotelling Memorial Lecture on Thursday, Nov. 5, at 7 p.m. in the Mary E. Marburger Science and Engineering Auditorium in LTU’s Science Building.
The lecture sponsored by LTU’s College of Arts and Sciencesis free and open to the public.
The proposed Trans-Pacific Partnership (TPP) between the United States and 11 other countries on both sides of the Pacific Ocean would cover nearly 40 percent of the world’s gross domestic product. It would virtually eliminate tariffs and other barriers to international trade and would include protections for patents and other intellectual property rights.
Other proposed provisions are intended to improve environmental and labor standards. A mechanism would be provided for investors to initiate and settle disputes with host-country governments outside of national courts.
The TPP has run into stiff opposition in Congress, and each of its provisions would create winners and losers.
Deardorff is a professor of economics and public policy and has been a member of the U-M faculty since 1970. He has served as chair of U-M’s Department of Economics and associate dean of the Gerald R. Ford School of Public Policy.
He has served as a consultant to many government agencies, including the U.S. Departments of State, Treasury, and Labor, and international institutions, including the Organization for Economic Co-operation and Development, United Nations Conference on Trade and Development, and the World Bank.
Deardorff is the editor and author of several books and has published numerous articles on international trade theory and policy.