Comment: Scope for Dynamic Effects in Korea’s Economy
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…
Summary of Proceedings
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…
Is a Free Trade Agreement a Royal Road to Prosperity? Demystifying Trade Regionalism
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…
Regional Integration and a Free Trade Agreement Among China, Japan, and Korea
Free trade agreements (FTAs) are rapidly proliferating among Asian countries. For instance, Japan has completed its free trade negotiations with Singapore and Thailand. At the…
Dynamic Consequences of a Korea-U.S. Free Trade Agreement: Foreign Direct Investment
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…
How Financial Multilateralism Can Increase Sustainable Output, Employment, and Income in the Pacific Region
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…
The Payoff to South Korea from Globalization
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…
Comments on the Kiyota-Stern Study
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…
Implications of the U.S.-Korea Free Trade Agreement: A General Equilibrium Approach
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…
Conclusions and Implications for Further Research and Policy, Excerpt from “Economic Effects of a Korea-U.S. Free Trade Agreement”
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…