Word: nonlevel
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...Companies in countries left out of the trade pacts - for example, the U.S. - could face disadvantages when trying to tap fast-growing Asian markets. This, in turn, could have a negative impact on efforts to rebalance excessive debt in the U.S. and excessive savings in Asia. FTAs "create a nonlevel playing field with advantages for Asian countries," says Eswar Prasad, professor of trade policy at Cornell University. "If the most dynamically growing part of the global economy gives the U.S. restricted access, that has an impact on the whole rebalancing movement...
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