What do TPA, TAA and TPP stand for, and are they good or bad for forgers? Let’s start with the basics. If you’re a forger, the more things you sell to your customers, whether they use them domestically or overseas, the better, right? Well, as with most things involving politics, it’s a little complicated.
Since the days of Adam Smith and David Ricardo, most economists have adopted the idea that nations should trade freely to benefit from the concept of comparative advantage – selling those goods they produced best or cheapest and using the proceeds to buy goods produced better or cheaper by other nations. In economic terms, that makes perfect sense.