This study begins with a motivation that both economic and non-economic effects should be considered in order to increase the feasibility of a Korea-U.S. FTA from the Korean perspective. This study also begins with a motivation to help successful Korea-U.S. FTA negotiations by writing the research in English. The English written study on the feasibility and economic effects of a Korea-U.S. FTA is expected to contribute to increasing the understanding of issues and effects of an FTA and to helping negotiators move along with efficient negotiations for the both countries. (The rest is omitted.)

Preface

Acknowledgements

Executive Summary

Chapter I. Introduction
1. Background for a Korea-U.S. FTA
2. Contributions of this Study: Integrated and Extensive
3. Content and Organization

Chapter II. U.S. Strategy for FTAs: Obstacles and Opportunities for Korea
1. U.S. Trade Negotiating Strategy
2. Process in the United States for FTA negotiations
3. U.S. Trade Policy on Separate Areas in FTAs
4. Chapter Conclusion: Comparison with Korean FTA Strategy

Chapter III. Korea-U.S. Economic Relations, Issues and Competitiveness
1. Trade and Investment Relations
2. Current Bilateral Trade Related Issues
3. Comparison of Competitiveness Using Three Methods
4. Chapter Conclusion

Chapter IV. Macroeconomic Effects of a Korea-U.S. FTA
1. Analysis of Macro Economic Effects
2. Effects of a Korea-U.S. FTA on Korean Service Sector
3. Chapter conclusion
Chapter V. The Political Economy of a Korea-U.S. FTA
1. Korea as an FTA Partner for the United States: Why?
2. The United States as an FTA Partner for Korea: Why?
3. Trade Micro-Politics: Product Issues
4. Trade Macro-Politics: Coalitions, Presidents and Parties
5. Conclusions and Consequences for East Asia

Chapter VI. Conclusions
1. Effects of a Korea-U.S. FTA
2. Non-economic effects of a Korea-U.S. FTA
3. Opportunity Cost of Not Having a Korea-U.S. FTA
4. Policy Implications

Annex

References

Contributing Authors