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KOR-U.S. Free Trade Agreement : A new development policy for Korea?

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Frame of Image -U.S. FREE TRADE AGREEMENT : A New Development Policy for Korea?
By Noh, Joo-Hee
THESIS Submitted to KDI School of Public Policy and Management in partial fulfillment of the requirements for the degree of MASTER OF PUBLIC POLICY
Approval as of ____________________ Supervisor You, Jong-Il _____________________
ABSTRACT
KOREA-USA FREE TRADE AGREEMENT : A New Development Policy for Korea? By Noh, Joo-Hee
The Roh Mu-Hyun government defined Korea as a “sandwich country” whose economy is being squeezed in the two powerful neighboring countries China and Japan, and as a quick remedy to get out of the sandwich situation, it pursued a free trade agreement (FTA) with the United States of America. In explaining the necessity of the Kor-U.S. FTA were three assumptions lied: (a) Korean economy is in need of a new development strategy; (b) The new development strategy shall incorporate policies to promote goods exports and to shock and advance services sector; (c) To achieve these goals, it is best to pursue a FTA with the U.S. among other trade partners. The first assumption is not ungrounded given the vicious cycle of low growth and bipolarization that has haunted the Korean economy since the 1997 financial crisis, while the other two seem unfounded and even dangerous. Furthermore, detailed investigations into the text of the Kor-U.S. FTA present little substantive evidence that it will promote economic growth of Korea, but abundant evidence that it shall undermine Korea’s policy space f


Full Text
Title KOR-U.S. Free Trade Agreement
Similar Titles
Sub Title

A new development policy for Korea?

Material Type Articles
Author(English)

Noh, Joo-Hee

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2007
Pages 69
Subject Country United States(Americas)
South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KDI School of Public Policy and Management

User Note

Thesis(Master)