East Asian Regionalism and South Korea's FTA Strategy

Young Jong Choi

doi:10.14731/kjis.2004.12.44.5.85

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한국국제정치학회
국제정치논총 학술저널
The Korean Journal of International Relations Vol.44 No.5
2004.12 85 - 108 (24page)
DOI : 10.14731/kjis.2004.12.44.5.85

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Young Jong Choi

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This paper is an attempt to assess the current state of East Asian regionalism and draw South Korea's strategy toward East Asian regional integration in general and bilateral FTAs in particular. This paper provides an analytical framework to evaluate FTA partners, upon which the South Korean government can design a FTA strategy. Income level and relative power of FTA partners are the two independent variables that determine the nature of the FTA agreement. This paper concludes that South Korea will get the maximum benefits by forming FTA with advanced, powerful economies like Japan and the United States. This paper cautions the South Korean government not to rush in for a FTA with China, a developing major power. This paper also suggests that liberalizing domestic reforms are imperative to South Korea's economic revival irrespective of it's strategy toward FTA or regional integration.

#FTA #East Asian regionalism #FTA partners #power #income-level