[PDF] South Korea Us Economic Relations Cooperation Friction And Future Prospects eBook

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Page : 23 pages
File Size : 25,99 MB
Release : 2004
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South Korea is a major economic partner for the United States. Korea is the United States' seventh-largest trading partner -- ahead of Western European countries such as France and Italy -- and its sixth-largest export market. Korea also has become a significant investment site for American companies, which have poured nearly $20 billion into the country over the past 7 years. In 2003, the U.S. was Korea's largest trading partner, and its second-largest export market, source of imports, and supplier of foreign direct investment (FDI). Increased economic interaction has been accompanied by numerous disagreements over trade policies. The intensity of the disputes has diminished considerably since the late 1980s and early 1990s, in part because South Korea has enacted a set of sweeping market-oriented reforms as a quid pro quo for receiving a $58 billion package from the International Monetary Fund (IMF) following the near collapse of the its economy in 1997. In recent years, the United States and South Korea appear to have become more adept at managing their trade disputes, so that they tend to be less acrimonious than they were in the 1980s and 1990s. This is due in part to the quarterly, working-level bilateral trade meetings that were first held in early 2001. This report summarizes the main issues in U.S.-South Korean economic relations, including South Korea's economic prospects and economic reforms, and major bilateral economic disputes. The report will be updated periodically.

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Page : 0 pages
File Size : 14,61 MB
Release : 2004
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South Korea is a major economic partner for the United States. Korea is the United States' seventh-largest trading partner -- ahead of Western European countries such as France and Italy -- and its sixth-largest export market. Korea also has become a significant investment site for American companies, which have poured nearly $20 billion into the country over the past 7 years. In 2003, the U.S. was Korea's largest trading partner, and its second-largest export market, source of imports, and supplier of foreign direct investment (FDI). Increased economic interaction has been accompanied by numerous disagreements over trade policies. The intensity of the disputes has diminished considerably since the late 1980s and early 1990s, in part because South Korea has enacted a set of sweeping market-oriented reforms as a quid pro quo for receiving a $58 billion package from the International Monetary Fund (IMF) following the near collapse of the its economy in 1997. In recent years, the United States and South Korea appear to have become more adept at managing their trade disputes, so that they tend to be less acrimonious than they were in the 1980s and 1990s. This is due in part to the quarterly, working-level bilateral trade meetings that were first held in early 2001. This report summarizes the main issues in U.S.-South Korean economic relations, including South Korea's economic prospects and economic reforms, and major bilateral economic disputes. The report will be updated periodically.

Author : Mark E. Manyin
Publisher :
Page : 29 pages
File Size : 40,56 MB
Release : 2005
Category : Electronic books
ISBN :

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South Korea is a major economic partner for the United States. Korea is the United States' seventh-largest trading partner -- ahead of Western European countries such as France and Italy -- and its sixth-largest export market. Korea also has become a significant investment site for American companies, which have poured nearly $20 billion into the country over the past 7 years. In 2003, the U.S. was Korea's largest trading partner, and its second-largest export market, source of imports, and supplier of foreign direct investment (FDI). Increased economic interaction has been accompanied by numerous disagreements over trade policies. The intensity of the disputes has diminished considerably since the late 1980s and early 1990s, in part because South Korea has enacted a set of sweeping market-oriented reforms as a quid pro quo for receiving a $58 billion package from the International Monetary Fund (IMF) following the near collapse of the its economy in 1997. In recent years, the United States and South Korea appear to have become more adept at managing their trade disputes, so that they tend to be less acrimonious than they were in the 1980s and 1990s. This is due in part to the quarterly, working-level bilateral trade meetings that were first held in early 2001. This report summarizes the main issues in U.S.-South Korean economic relations, including South Korea's economic prospects and economic reforms, and major bilateral economic disputes. The report will be updated periodically.

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Page : 0 pages
File Size : 45,45 MB
Release : 2006
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South Korea is a major economic partner for the United States. In 2004, trade between the two countries was over $70 billion, making South Korea the United States's seventh-largest trading partner -- ahead of France and Italy -- and its seventh-largest export market. In 2005, the U.S. was Korea's third-largest trading partner, second-largest export market, and its largest supplier of foreign direct investment (FDI). Bilateral economic relations have advanced to the point that the two sides in February 2006 announced their intention to negotiate a bilateral free trade agreement (FTA), which they hope to complete by 2007. The announcement followed South Korean concessions in four areas: beef, automobiles, pharmaceuticals, and "screen quotas" limiting the amount of screen time that foreign films could be shown. The United States had said an FTA could not be launched unless Seoul demonstrated its ability to deliver compromises in these sectors. If an agreement is reached, it would be the United States's largest FTA since the completion of the North American Free Trade Agreement. To go into effect, FTAs must be approved by Congress and the Korean National Assembly. The FTA negotiation and ratification processes are likely to politicize bilateral trade disputes and produce spillovers between the economic and strategic aspects of the relationship, particularly if there are dramatic developments in the crisis over North Korea's nuclear weapons program. Increased U.S.-South Korean economic interaction has been accompanied by numerous disagreements over trade and economic policies. The intensity of the disputes has diminished considerably since the late 1980s and early 1990s, in part because South Korea has enacted a set of sweeping market-oriented reforms as a quid pro quo for receiving a $58 billion package from the International Monetary Fund (IMF) following the near collapse of the South Korean economy in 1997. In recent years, the United States and South Korea appear to have become more adept at managing their trade disputes, so that they tend to be less acrimonious than they were in the 1980s and 1990s. This is due in part to the quarterly, working-level bilateral trade meetings that have been held since early 2001. Strategic factors, including South Korea's increased economic integration with North Korea, have become issues on the bilateral U.S.-South Korea economic front. In the FTA talks, South Korean officials have said they will try to secure preferential tariff treatment for goods made by South Korean firms in the Kaesong industrial zone, located inside North Korea. In 2003, China surpassed the United States as South Korea's largest trading partner. Many South Korean exports to China are believed to be intermediate goods that are incorporated into products sent to the United States. This report summarizes the main issues in U.S.-South Korean economic relations, including South Korea's economic prospects and economic reforms, major bilateral economic disputes, and the pros and cons of a U.S.-South Korean FTA. The report will be updated periodically.

Author : C. Fred Bergsten
Publisher : Peterson Institute for International Economics
Page : 148 pages
File Size : 41,67 MB
Release : 1996
Category : International cooperation
ISBN :

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Korean and American policymakers and scholars at the 1995 meeting of the Korea-United States Twenty-First Century Council explored new dilemmas and opportunities presented by recent developments in Korea. In this volume they examine reunification, the impact of North Korean-US nuclear accord, trade frictions between Korea and the United States, and the role the two countries could play in the Asia Pacific, particularly through the Asia Pacific Economic Cooperation forum.

Author : National Intelligence Council
Publisher : Cosimo Reports
Page : 158 pages
File Size : 41,66 MB
Release : 2021-03
Category :
ISBN : 9781646794973

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"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.