The Essence, Significance, and Problems of the Trans-Pacific Partnership

in Benedict Kingsbury, et al., Megaregulation Contested: Global Economic Ordering After TPP (OUP, 2019)

IILJ Working Paper 2019/1 (MegaReg Series)

NYU School of Law, Public Law Research Paper No. 19-47

28 Pages Posted: 3 Oct 2019 Last revised: 3 Jan 2020

See all articles by Benedict Kingsbury

Benedict Kingsbury

New York University School of Law

David M. Malone

UN University

Paul Mertenskötter

NYU Law School - Institute for International Law and Justice

Richard B. Stewart

New York University School of Law

Thomas Streinz

NYU School of Law - Guarini Global Law & Tech

Atsushi Sunami

National Graduate Institute for Policy Studies (GRIPS)

Date Written: May 10, 2019

Abstract

The Trans-Pacific Partnership (TPP) is the first fully formed attempt at a new type of geopolitical and economic ordering project we call megaregulation. This introduction draws on the thirty further chapters in our edited volume 'Megaregulation Contested: Global Economic Ordering after TPP' (OUP, 2019) to distill TPP’s essence and critically appraise its significance in the Asia-Pacific and beyond. TPP’s megaregulatory project uses the treaty-institutional form to open space for transnational business operations and prescribe liberal-type reforms of regulatory states and of their relations to markets. It also carries glimmers of a megaregionalism, but one largely lacking in imagination of a shared social or ecological future. TPP’s extensive coverage implicates, but TPP does not very much address, concerns over distribution, inequality, labor, environment, development, and national futures and nationalism which became more and more evident in national and international politics during and after the years of its negotiation. Drawing together themes from the book sheds some light on thinking about possible futures of economic ordering.

Keywords: international economic law, global economic ordering, megaregionalism, Asia-Pacific, Japan, Asia-Pacific

Suggested Citation

Kingsbury, Benedict and Malone, David M. and Mertenskötter, Paul and Stewart, Richard B. and Streinz, Thomas and Sunami, Atsushi, The Essence, Significance, and Problems of the Trans-Pacific Partnership (May 10, 2019). in Benedict Kingsbury, et al., Megaregulation Contested: Global Economic Ordering After TPP (OUP, 2019) , IILJ Working Paper 2019/1 (MegaReg Series), NYU School of Law, Public Law Research Paper No. 19-47, Available at SSRN: https://ssrn.com/abstract=3456763 or http://dx.doi.org/10.2139/ssrn.3456763

Benedict Kingsbury

New York University School of Law ( email )

40 Washington Square South
New York, NY 10012-1099
United States
212-998-6278 (Phone)

David M. Malone

UN University ( email )

Tokyo, 150-8925
Japan
81-3-5467-1224 (Phone)
81-3-3499-2810 (Fax)

Paul Mertenskötter (Contact Author)

NYU Law School - Institute for International Law and Justice ( email )

139 MacDougal Street, 3rd floor
New York, NY 10012
United States

HOME PAGE: http://www.iilj.org

Richard B. Stewart

New York University School of Law ( email )

40 Washington Square South
Room 411F
New York, NY 10012-1099
United States
212-992-8165 (Phone)
212-995-4590 (Fax)

Thomas Streinz

NYU School of Law - Guarini Global Law & Tech ( email )

40 Washington Square South
New York, NY 10012-1099
United States

HOME PAGE: http://www.guariniglobal.org

Atsushi Sunami

National Graduate Institute for Policy Studies (GRIPS) ( email )

7-22-1 Roppongi, Minato-Ku
Tokyo 106-8677, Tokyo 106-8677
Japan

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