Trans-Pacific Strategic Economic Partnership Agreement - Essay Example

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 provides investors to initiate a dispute against the 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 expectations about Obama’s visit, where President Obama is lobbying for the TPP and the Philippines to get the commitment of the United States against China’s increasing aggression, the latter expressed openness and willingness to participate in the TPP (Trans-Pacific Partnership). 7b. Give one (and only one) reason why economic liberals would argue that Walmart is good for the US/global welfare.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.Week 7c: Is Walmart good for women? Why or Why not?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 discriminates 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 are considered as one of the lowest in the US being pegged only at minimum wage, but Walmart also had to deprive its employees of the regular benefits because most employees are on a contractual or temporary basis. Being such, typical benefits to women such as insurance, maternity benefits, etch are not available to many of its female employees because of the nature of their employment with Walmart and Walmart’s drive to lower its operating cost.