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Joint U.S.-Korea Academic Studies 2010

11 Publications

Free Trade Agreements and the Future of U.S.-Korean Trade Relations

During the past decade, the United States and Korea have pursued free trade agreements (FTAs) with a number of bilateral trading partners. For the United States, the Korea-U.S. (KORUS) FTA is by far the most significant in economic and political terms. For Korea, the KORUS FTA is matched, at least…

From Crisis to Recovery: Korea's Policy Response to the Global Financial Meltdown, August 2007-June 2009

During the two-year period since the outbreak in August 2007 of the U.S. subprime crisis, Korea has felt its severe effects: Korea’s economy contracted sharply and experienced a liquidity crisis. In 2008, Korea’s economy grew 2.2 percent, less than half of its average growth since the 1997 Asian financial crisis.…

Future Directions for Northeast Asian Regionalism: New Security and Trade Architectures (

There is certainly a place for regionalism in Northeast Asia.1 It already exists in various amorphous ways, but regional identity is relatively weak in Northeast Asia, and for this and other reasons little structure has emerged to channel dip- lomatic or economic activity in the area. In Northeast Asia there…

Rising China and North Pacific Security: A Net Assessment

The rise of China means that the regional (not global) power structure is shifting from unipolarity to bipolarity. Whether this is a positive or negative development depends on a particular government’s viewpoint. Many Asia-Pacific states might welcome an international system based on the principles the Chinese claim they will champion:…

North Korean Issue: What Can be Done?

The dramatic events of recent months—and, above all, North Korea’s second nuclear test and long-range missile launch—demonstrated once again that the Barack Obama administration and the international community at large have failed to achieve their goal in dealing with North Korea. This goal has been stated clearly and often: to…

The North Korea Challenge

In the spring of 2009, North Korea’s second nuclear test, its long-range missile tests, and its provocative rhetoric once again threatened stability in Northeast Asia. Once again, North Korea engaged in bluster designed to project strength and resolve in the face of international disapproval. The North Korean nuclear issue has…