A pair of competing studies by the World Bank and Tufts University have drawn widely different conclusions about the likely economic impacts of the Trans-Pacific Partnership (TPP) on its member countries, highlighting how different assumptions about the reaction of labor markets to trade can skew economic projections. The World Bank study took an overwhelmingly positive view of TPP, even stating that its methodology potentially underestimates the economic benefits the pact could have on its 12 members. Assuming that TPP enters into force in 2017, the study finds that the deal would create a 1.1 percent increase in GDP in the region by 2030, weighted by each country's share of GDP, compared with what would happen without the agreement.
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