Economy face in context of rapid globalization of economy

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What are the key challenges does the US economy face in the context of rapid globalization of the new economy? Is the proposed Trans Pacific Partnership (TPP) trade negotiation proposed by President Obama for free trade negotiation with 12 countries compatible with the globalization policy of the US economic Systems? In another words, what are the pros and cons for the TPP in the context of the US economy, if passed and implemented by the US Congress?

Reference no: EM131181702

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