Between 2002 and 2007, the United States has concluded 11 free trade agreements (hereinafter FTAs) with different countries throughout the world, including Australia and South Korea. The above mentioned FTAs have entailed significant restriction on the ability of states parties to pursue...

This paper calculates the economic benefits and losses of Korea and the United States that may be explicitly attributed to the creation, diversion and contraction of trade flows between them before and after the enforcement of the bilateral free trade agreement (KORUS). This is the first...