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Capital controls and the Trans-Pacific Partnership

Institute for Policy Studies | 1 Sep 2011

Capital Controls and the Trans-Pacific Partnership

By Sarah Anderson

The first trade agreement to be negotiated by the Obama administration should allow governments to control volatile capital flows.

U.S. negotiators are hardliners against capital controls in current Trans-Pacific trade talks with eight other countries. Their position is more rigid than the International Monetary Fund and previous U.S. regimes, including the Reagan administration. This briefing paper concludes with recommendations for reforming U.S. trade and investment agreements to allow governments to use this proven tool for preventing and mitigating financial crisis.

Click here to download "Capital Controls and the Trans-Pacific Partnership", by IPS Global Economy director, Sarah Anderson. This report will be presented to the Stakeholder Forum in Chicago on September 10, 2011.

 source: IPS