TPP Versus AIIB: Obama’s Uphill Battle



Comments (5)

  1. Jawaid manzoor says:

    China has money and can offer projects economically. If the west, particularly US, provides for all this through lending institutions yet conditional to its own resources, such as manpower/expertise, equipment etc., it does comes down to borrowers own evaluation than cost figures provided on these…

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    Tim Maverick Reply:

    Thanks for your comment, Jawaid. China can fund these projects with their reserves, profitable initially or not. Remember, they are trying to not only make friends, but drum up business for their industries. They also don’t have environmental and other restraints. The West, on the other hand, is more dependent on garnering short-term returns, not to mention all the political requirements (environment, etc.) thrown on top by the West.

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  2. Sardonic Veritas says:

    Lol, TPP talks began in 2008, RECP began talks in 2011… Who didn’t invite the other party first?

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    Tim Maverick Reply:

    Quite true. Both countries like to pretend at times that other agreement does not exit.

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  3. Douglas Paul Nelsen says:

    I believe that The Iraqi Dinar will raise in value about the time that the Yuan becomes a Reserve currency. The reason being is that many countries are holding these dinars in hopes that they will become one of the currencies held in a basket for SDR’s and also an oil credit with Iraq (6 Dinars) exchanged for a barrel of oil. This could be competition for the AIIB.

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