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Hooray, Capital Controls Have Won. But That Just Might Reveal the Political Vulnerability of the TPP.

The newly released Trans-Pacific Partnership (TPP) text reveals that US trade negotiators have finally caught up with the IMF and others on the question capital controls. Unfortunately, by allowing for appropriate uses of controls on “hot money,” the TPP may have created new enemies within the powerful US financial services lobby, further jeopardizing political support for the agreement.