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Intraindustry Specialization and the Proposed Korea-United States Free Trade Agreement

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  • Don Clark

Abstract

Changes in intraindustry specialization indicators over the 2000-2007 period are used to assess factor adjustment pressures that may arise in Korea from the proposed Korea-United States Free Trade Agreement (KORUS FTA). There is considerable scope for intraindustry specialization between Korea and the United States. Results show few industries in Korea are candidates for adjustment problems. The 14 industries that may face adjustment pressures account for 13% of all Korean imports from the United States. Long tariff phase-out periods, tariff-rate quotas and import safeguards will be used to ease factor adjustment pressures in import-sensitive industries.

Suggested Citation

  • Don Clark, 2009. "Intraindustry Specialization and the Proposed Korea-United States Free Trade Agreement," International Economic Journal, Taylor & Francis Journals, vol. 23(2), pages 181-195.
    • Handle: RePEc:taf:intecj:v:23:y:2009:i:2:p:181-195
    DOI: 10.1080/10168730902901163
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    Cited by:

    1. Clark Don P., 2010. "Intra-Industry Specialization in United States-Mexico Trade," Global Economy Journal, De Gruyter, vol. 10(2), pages 1-18, May.
    2. Don P. Clark, 2013. "Intra-Industry Specialization in United States--China Trade," The International Trade Journal, Taylor & Francis Journals, vol. 27(3), pages 225-242, August.
    3. Clark, Don P., 2011. "Factor adjustment implications of a free trade agreement between the United States and Thailand," Journal of Asian Economics, Elsevier, vol. 22(3), pages 213-221, June.

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