Haass: TPP Passage a No Brainer for an Open Economy

The video discusses the concept of creating shared value in business, highlighting challenges in inclusive capitalism and short-termism. It examines slow economic growth, productivity issues, and the need for a new economic strategy. The importance of trade policies like TPP is emphasized, along with the political influence on economic decision-making. The discussion calls for rational choices in economic policy and highlights the need for structural changes to improve the economy.

What is the main challenge faced by companies like Nestle and Unilever in creating shared value?

• Improving employee satisfaction

• Balancing short-term gains with long-term value creation

• Increasing their market share

• Reducing their environmental impact

What is one of the key components of the HBS eight-point plan?

• Increase regulatory burden

• Increase corporate tax rates

• Invest in infrastructure

• Reduce international trade

What is the primary goal of the Trans-Pacific Partnership (TPP) according to the discussion?

• To increase tariffs on imported goods

• To bring other countries closer to U.S. market openness

• To close U.S. markets to foreign trade

• To reduce U.S. exports

What is a major political challenge in implementing international trade policies like TPP?

• Confusion among political leaders

• High cost of implementation

• Lack of interest from other countries

• Limited public support

What is the proposed new economic strategy for America?

• Reducing taxes for the wealthy

• Increasing government size

• Fixing structural weaknesses and improving income growth

• Relying solely on the Federal Reserve

What is a key issue with the current economic strategy in America?

• Over-reliance on the Federal Reserve

• Excessive government intervention

• Lack of technological innovation

• High unemployment rates

What is the impact of not fixing structural weaknesses in the U.S. economy?

• Stagnant income growth for the average American

• Higher employment rates

• Rapid economic growth

• Increased foreign investment