Korea us trade agreement economics and politics

Free Slides from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Recent US Moves toward Trade Liberalization: Economics vs. Politics Post prepared July 12, 2010 Terms of Use: These slides are made available under Creative Commons License Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics classes together with whatever textbook you are using. If you like the slides, you may also want to take a look at my textbook, Introduction to Economics , from BVT Publishers.

White House Initiatives to Liberalize Trade ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Source: www.whitehouse.gov

Counting the gains from trade: The starting point ,[object Object],[object Object],[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/

Gains from expanding exports ,[object Object],[object Object],[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/

Gains from opening up to imports ,[object Object],[object Object],[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/

Variations on the theme ,[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/

Implications for Trade Liberalization ,[object Object],[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Picture source: commons.wikimedia.org

The Politics of Trade Liberalization ,[object Object],[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Picture source: http://commons.wikimedia.org/wiki/File:US_Congress_02.jpg

Specialized labor and capital as potential losers ,[object Object],[object Object],[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/

How well organized are the winners and losers? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Picture source: http://commons.wikimedia.org/wiki/File:Image-2005_NYC_transit_strikers.jpeg

Case Study: The Korea-US Trade Agreement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ Picture source: pdclipart.org

Who Supports KORUS? ,[object Object],[object Object],[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ *See http://www.uskoreafta.org/members for a full list **See, for example, http://www.piie.com/publications/pb/pb07-7.pdf Picture source: US Airforce Museum; USDA, via commons.wikimedia.org

Who opposes KORUS FTA? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Posting P100130 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/ http://commons.wikimedia.org/wiki/File:2009_Hyundai_Elantra_Touring_rear.jpg

Is Ratification Possible? ,[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/

The Bottom Line ,[object Object],[object Object],[object Object],Post P100712 from Ed Dolan’s Econ Blog http://dolanecon.blogspot.com/

Korea us trade agreement economics and politics

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Korea us trade agreement economics and politics