Columbia's Bhagwati: Why the TPP Probably Won't Succeed

The video discusses the shift towards protectionism in Europe and the US, attributing it to poor income distribution and misconceptions about trade. It examines the challenges of the Trans-Pacific Partnership (TPP), highlighting the exclusion of Asian countries and the resulting fragmentation of Asia. The speaker advocates for open regionalism, allowing countries like India and China to join if they lower trade barriers. The video concludes by emphasizing the importance of imports for efficient exports and job creation.

What are the reasons mentioned for the movement towards protectionism in Europe?

What does the speaker believe about the relationship between trade and income distribution?

What is the main problem with the Trans Pacific Partnership (TPP) as discussed in the text?

How does the speaker suggest that the U.S. should approach trade agreements with countries like India and China?

What argument is presented against protectionism in relation to imports and exports?