May 25, 2011

Comment: Scope for Dynamic Effects in Korea’s Economy

By Choi Nakgyoon

A U.S.-Korea Free Trade Agreement (KORUS FTA) would bring economic benefits to both the United States and Korea through various channels. First, it would substantially...

May 25, 2011

Summary of Proceedings

By Bernard K. Gordon

In important respects this conference reflected two somewhat contrasting perspectives on the just completed U.S.-Korea Free Trade Agreement (KORUS FTA). Those two perspectives, the one...

May 25, 2011

Is a Free Trade Agreement a Royal Road to Prosperity? Demystifying Trade Regionalism

By Sungjoon Cho

Korea and the United States have finally sealed their 10-month negotiation on the biggest bilateral trade deal ever. The scope and impact of the U.S.-Korea...

May 25, 2011

Dynamic Consequences of a Korea-U.S. Free Trade Agreement: Foreign Direct Investment

By Arthur Alexander

The trade agreement between Korea and the United States will have implications beyond trade. Chief among these is the probable stimulation of direct investment into...

May 25, 2011

How Financial Multilateralism Can Increase Sustainable Output, Employment, and Income in the Pacific Region

By David Roland-Holst, Douglas H. Brooks

Maturing of the Asian export experience has been accompanied by structural changes that will require a new generation of multilateral financial institutions and services. Emergence...

May 25, 2011

The Payoff to South Korea from Globalization

By Agustin Cornejo, Gary Hufbauer

Since the end of the Second World War, eight multilateral bargains under the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization...

May 25, 2011

Comments on the Kiyota-Stern Study

By Jeffrey J. Schott

The U.S.-Korea Free Trade Agreement, or KORUS FTA, is a historic agreement that should enhance bilateral economic relations and reinforce the long-standing partnership of the...

May 25, 2011

Implications of the U.S.-Korea Free Trade Agreement: A General Equilibrium Approach

By Renan Zhuang, Won W. Koo

The bilateral trade volume between the United States and South Korea has been growing dramatically since 1989. According to U.S. statistics (ITA, various years), the...

May 25, 2011

Conclusions and Implications for Further Research and Policy, Excerpt from “Economic Effects of a Korea-U.S. Free Trade Agreement”

By Kozo Kiyota, Robert M. Stern

We have noted that the United States and Korea have a variety of economic and political motivations in pursuing an FTA. In this connection, the...