TPP (Trans-Pacific Partnership), currently under negotiation among 11 countries of the Asia Pacific region, would become a path-breaking free trade agreement (FTA) of the 21st century. This book is the first academic attempt to locate the TPP within the broad context of the changing global trade governance and global business environment. The book aims for an objective and accurate prediction of the final text of the TPP, based on publicly available sources of information, and elucidates the impacts of the TPP upon the economy and regulatory systems of its member countries.

Focusing on the backgrounds and prospects of TPP, the book explores the emerging global trade governance provided by the TPP, which would eventually be completed by the restructuring and reinvigoration of the WTO. The book also elucidates the causes and dynamics which had led the U.S. to take the initiative to tackle on them through the TPP. This book also synthesizes the analysis and makes a projection of the developments of the global trade governance in the 21st century after the TPP.

The book concludes by making a set of policy proposals for the reconstruction of the global trade governance by avoiding the worst pessimistic scenario, and hence, it is to be seriously considered by major stakeholders of global trade governance including governments, firms, international organizations and the general public.