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Considerations for Korea and the Trans-Pacific Partnership

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  • Considerations for Korea and the Trans-Pacific Partnership
  • Stangarone, Troy
  • Korea Economic Institute of America


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Title Considerations for Korea and the Trans-Pacific Partnership
Similar Titles
Material Type Articles
Author(English)

Stangarone, Troy

Publisher

[Washington, D.C.] : Korea Economic Institute of America

Date 2013
Journal Title; Vol./Issue Korea's Economy:vol. 29
Pages 10
Language English
File Type Link
Subject Economy < Economic Administration
Holding Korea Economic Institute of America
License

Abstract

The Trans-Pacific Partnership is designed to create what is often referred to as a 21st century trade agreement and serve as a potential stepping stone to a Free Trade Area of the Asia-Pacific. As Korea begins consultations on joining the Trans-Pacific Partnership, domestic and international trends are likely to weigh high on Korea’s agenda. With economic growth slowing and Korea facing long-term structural challenges such as an aging population, President Park Geun-hye is seeking to increase innovation and spur job creation through the development of a creative economy. At the same time, Korea faces a changing international economic environment as international trade agreements shift from bilateral FTAs to larger regional trade agreements. (The rest omitted)