Economic modelling commissioned by various vested interest business groups shows that the Trans-Pacific Partnership (TPP) will magically boost Australian incomes. From The AFR:
Economic modelling by Peter Petri and Michael Plummer estimates that by 2030 the 11-country trade liberalisation deal will increase Australia’s national income by $15.6 billion, boost exports by $29.9 billion, lift investment in Australia by $7.8 billion and lead to $26 billion more in overseas investment by Australian businesses. The 26-page report also claims the trade agreement will lift wages, including for lower-skilled workers.
