“The Trans-Atlantic Trade and Investment Partnership: European Disintegration, Unemployment and Instability”
Dr Clive Peedell, (NHAP), has forwarded information about the work done recently by Jeronim Capaldo, a research fellow at the Global Development and Environment Institute (GDAE) at Tufts University in Boston, highly ranked by QS and Times Higher Education, according to Political Concern.
Jeronim Capaldo’s Working Paper 14-03 assesses the effects of TTIP using the United Nations Global Policy Model, which is said to incorporate more valid assumptions on global trade, macroeconomic adjustment and employment dynamics.
Capaldo and his team project that TTIP will lead to a contraction of GDP, personal incomes, employment, an increase in financial instability and a continuing downward trend in the labor share of GDP: “Evaluated with the United Nations model, TTIP appears to favor economic dis-integration, rather than integration, in Europe. At a minimum, this shows that official studies do not offer a solid basis for an informed decision on TTIP”.
A link to his paper is given above and the Executive Summary may be read in alarming detail here.
The full article is on Political Concern.
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