99 pages Korean Economic Institute  (Washington) Publication Date: September 2003 Paperback ISBN: none

This book explores the current state of U.S.-Korea trade and economic relations, with special emphasis on the impact of the rise of Asian regionalism and the implications of an evolving Korean development model. The study explores possibilities for closer U.S.-Korea economic relations, the resolution of current trade disputes, and the development of common approaches (or at least an understanding of the differences in approach) to both multilateral trade negotiations and Asian regional initiatives.

Barfield's examination of Korea's economic role in Asia draws together a number of strands of policy issues, particularly trade and investment, that help explain the Republic of Korea's impressive rise to the top echelon of economies in that region and indeed in the world. As importantly, the book looks at some of the different challenges that Korea is facing or will face in the trade policy area as it narrows the technology gap with other leading economies.

Claude E. Barfield is a resident scholar at AEI.