ment of patents and copyrights which will strictly intellectual property rights and investor-state-arbitration that will grant investor the right to initiate dispute against a foreign government under the international law. Personally, I do not think it is necessary to have an additional agreement such as TPP to govern MNCs and FDIs because there are already existing frameworks that functions like TPP such as GATT, NAFTA, APEC etch. TPP however strengthens the enforcement of intellectual property rights and provide investors to initiate dispute against foreign government which could instill confidence among MNCs and FDIs.
Recently, President Barack Obama visited its allies in Asia the latest of which is the Philippines. Albeit the two countries had different expectation about Obama’s visit, where President Obama is lobbying for the TPP and the Philippines to get the commitment of United States against China’s increasing aggression, the latter expressed openness and willingness to participate in the TPP (Trans-Pacific Partnership).
Walmart is good for the US/global welfare because it has dramatically cut the price of products by partnering with China. By offshoring its supply center to China, the cost of goods that will be sold drastically dropped making goods and services more affordable and therefore good for US/global welfare.
Walmart changed the center of power in retailing that manufacturers no longer dictates price which made it expensive but rather the retailer such as Walmart which is sensitive to the market and dramatically dropped it.
Walmart is not good for women. In its drive to bring the cost of its retailed products down, one of the components it downgraded is the salary and benefits of its employees. In addition, there had been reports also that Walmart discriminate against women in its retail outlets which made the retail giant not good for women.
Cutting costs to sell cheap had the implication of not only lowering salaries which is
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