Congress at last appears set to give President Barack Obama the “fast-track” authority he needs to finish negotiating the Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP). But the protracted and sharp debate over the U.S. president’s trade agenda underscores growing skepticism in Washington about the value of further market integration and pessimism about the prospects for a robust global economy. The unstated question: Can America and its neighbors compete?
The answer is a resounding yes. Indeed, deep market integration, the individual strength of the three economies, and four technological revolutions are poised to make the United States, Canada, and Mexico the next great emerging market.
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