International Economy Trade Custom Essay

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The United States and the Republic of Korea signed the United States-Korea Free Trade Agreement (KORUS FTA) on June 30, 2007. KORUS FTA was ratified in the US and in Korea in late 2011, with the Senate
passing it 83-15 and the House 278-151. KORUS FTA is the United States’ most commercially significant free trade agreement since NAFTA. KORUS FTA was also one of the most politically contentious
FTAs in recent memory. One example of the US interest groups aligning in favor of it can be found here http://www.uskoreafta.org/members, while a list of those opposed can be found here: http://www.citizenstrade.org/pdf/Korea_Opposition_Final.pdf

Based on the readings and lectures (ie no need to do any outside research), how would you explain the signing and ratification of the KORUS FTA, as well as its contentiousness? Specifically, I would like
you to draw on a national security based explanation, an institutional explanation, as well as a preference-based explanation (ie a factors or sectors model approach).

In your answer you MUST do the following: accurately characterize the theories you are considering, evaluate their abilities to explain the KORUS FTA and decide which theory (or combination of theories) has the most analytical power in this case.

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