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201. What Determined 2015 TPA Voting Pattern?: The Role of Trade Negotiating Objectives

Author:
Yeo Joon Yoon and Woong Lee
Publication Date:
12-2017
Content Type:
Working Paper
Institution:
Korea Institute for International Economic Policy (KIEP)
Abstract:
This paper analyzes 2015-TPA voting patterns in the Congress in the context of the trade negotiating objectives. By setting the trade negotiating objectives, the Congress lays out important trade agenda that the Administration is ex-pected to address when it is negotiating trade deals with foreign countries. Therefore setting the objectives is subject of heated debates in the Congress and an important part of TPA. LPM and probit models are used to evaluate the importance of each trade negotiating objectives in 2015-TPA voting deci-sions. It turns out that the objective on promoting U.S. agricultural exports by reducing unfair trade barriers positively affected the voting decision in favor of the TPA. The objective on enforcing strong labor standards on trade partners also had significant impacts. One other notable result is that how much each congressional region export to China was also an important de-terminant. This variable is meant to capture several negotiating objectives as well as growing worries of large trade deficits with China. This study docu-ments important issues that U.S. Congress is concerned about in making conducting and implementing trade policies. It may provide insights into the future course of U.S. trade policy and trade deals such as renegotiation of NAFTA and Korea-US FTA.
Topic:
Treaties and Agreements, NAFTA, Voting, and Trade
Political Geography:
Asia, South Korea, North America, and United States of America

202. The Global Exchange (Spring 2017)

Author:
David J. Bercuson, Randolph Mank, Sarah Goldfeder, Mike Day, David Perry, Peter Jones, David Carment, Milana V. Nikolko, Brett Boudreau, Rolf Holmboe, Darren Schemmer, Andrew Griffith, and Robert Vineberg
Publication Date:
03-2017
Content Type:
Journal Article
Journal:
The Global Exchange
Institution:
Canadian Global Affairs Institute (CGAI)
Abstract:
The Global Exchange is the Canadian Global Affairs Institute’s quarterly magazine featuring topical articles written by our fellows and other contributing experts. Each issue contains approximately a dozen articles exploring political and strategic challenges in international affairs and Canadian foreign and defence policy. This Spring 2017 issue includes articles on trade, defense policy, elections and more.
Topic:
Defense Policy, War, Bilateral Relations, Budget, Elections, Democracy, Negotiation, Peace, and Trade
Political Geography:
Russia, Ukraine, Canada, Syria, North America, United States of America, and Gambia

203. Intro | U.S.-ROK Economic Relations Left Uncertain Amid Leadership Changes

Author:
Gilbert Rozman
Publication Date:
08-2017
Content Type:
Journal Article
Journal:
Joint U.S.-Korea Academic Studies
Institution:
Korea Economic Institute of America (KEI)
Abstract:
While the other parts of this book bring China fully into the coverage—diplomacy, national identities, and sanctions—here we narrow the focus on U.S.-ROK relations with an eye to the current uncertainty about the future of the KORUS FTA, the five-year old bilateral trade agreement. Donald Trump has assumed the presidency critical of trade imbalances in goods, including assertions about the negative impact of the FTA with South Korea. It appears that the U.S. side will insist on renegotiating the agreement. In order to assess what this could mean, we take a close look at what the impact of KORUS has been and at how the debate in Washington has been unfolding under Trump’s watch. The three chapters were written in the early spring of 2017; so they could capture only the initial impact of Trump at a time when South Korean leadership was paralyzed between impeachment and the election of a new president without any serious bilateral engagement over economic issues. Yet, as tensions over economics are expected to rise, our objective is to inform the discussion with relevant economic background and with awareness of what Trump has been saying and how it may shape the political debate.
Topic:
International Relations, Economics, Bilateral Relations, Leadership, and Trade
Political Geography:
Asia, South Korea, North America, and United States of America

204. U.S.-Korea Economic Relations and the Next U.S. Administration

Author:
Troy Stangarone
Publication Date:
04-2016
Content Type:
Journal Article
Journal:
International Journal of Korean Studies
Institution:
International Council on Korean Studies
Abstract:
When the next United States president is inaugurated on January 20, 2017, he or she may face one of the more challenging domestic political environments for international trade in the modern political era; at that time, the U.S. will need to make significant decisions regarding its economic relationship with East Asia, including South Korea. The most significant decision facing the next administration will be handling the Trans-Pacific Partnership (TPP). While there is still time for the U.S. Congress to pass the TPP prior to the next administration taking office, it is increasingly likely that the next administration will have to grapple with either passing or renegotiating the Asia-Pacific-wide agreement, as well as determining how to bring South Korea into the region wide agreement. Bringing Korea into the TPP will further solidify the U.S.’ economic relationship with South Korea, enhancing efforts to move toward a free trade area within the Asia-Pacific. While South Korea’s accession to the TPP will likely be the next administration’s major economic objective, they should also work to strengthen the economic relationship with South Korea by deepening cooperation on small and medium sized enterprises (SMEs), cyber security, the digital economy, energy, and New Frontier issues.
Topic:
Energy Policy, Politics, Partnerships, Digital Economy, Trans-Pacific Partnership, Trade, and Economic Cooperation
Political Geography:
East Asia, South Korea, and United States of America

205. The Dispatch (Winter 2016)

Author:
David J. Bercuson, Frédérick Gagnon, Randolph Mank, Colin Robertson, Robert Huebert, Hugh Stephens, Gary Soroka, Hugh Segal, Daryl Copeland, David Perry, and Robert Muggah
Publication Date:
12-2016
Content Type:
Journal Article
Journal:
The Global Exchange
Institution:
Canadian Global Affairs Institute (CGAI)
Abstract:
The Dispatch (later called The Global Exchange) is the Canadian Global Affairs Institute’s quarterly magazine featuring topical articles written by our fellows and other contributing experts. Each issue contains approximately a dozen articles exploring political and strategic challenges in international affairs and Canadian foreign and defence policy. This Winter 2016 issue includes articles on the election of Donald Trump, energy policy, Canadian defense capability, and more.
Topic:
Foreign Policy, NATO, Energy Policy, Elections, Trans-Pacific Partnership, Trade, and Donald Trump
Political Geography:
Russia, Japan, Europe, Canada, North America, Arctic, and United States of America

206. After America, Canada’s Moment?

Author:
Ian Brodie
Publication Date:
02-2015
Content Type:
Working Paper
Institution:
Canadian Global Affairs Institute (CGAI)
Abstract:
The last decade has seen serious setbacks to the global role of the United States. Iraq, Afghanistan and the 2008 economic crisis provoked deep partisan debates about American policy but little in the way of consensus on how to respond. Meanwhile, America’s rivals have gained strength and a new south-south economy of investment and trade has emerged. There is little disagreement that the U.S. has lost its relative power to influence developments around the world. Is this Canada’s moment to extend our global influence? Canada’s privileged geography gives us freedom to choose where and how to engage beyond North America. We have opportunities across the Atlantic and across the Pacific, as evidenced by our simultaneous negotiations at the CETA and TPP tables. But freedom of choice means we have trouble committing to relationships beyond North America. Unlike, say, Australia, which must engage in the Pacific, we face no natural imperative to be “all in” in Asia. Moreover, even though Canada does not have a history as a colonial power, we are often ambivalent about engaging with the new global south. We prefer to deal with emerging economic powers through clubs we already belong to - the G-20, the Commonwealth and the Francophonie. But as south-south institutions displace the influence of the “world America made”, the room for Canada to exercise global influence has declined. We were once welcome as a dependable joiner of international clubs, but we are having trouble joining newer, more dynamic clubs like the Pacific Alliance.
Topic:
Foreign Policy, Military Affairs, Geopolitics, Economy, and Trade
Political Geography:
Canada, North America, and United States of America

207. The Littoral World

Author:
Howard J. Fuller
Publication Date:
07-2015
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
The role of seapower in nurturing American security and prosperity has long been exaggerated, if not wholly misrepresented. Throughout the nineteenth century, the nation’s first generations of leaders exhibited a healthy skepticism toward free trade and the maritime hegemony of the British Empire. By focusing on domination of the country’s littoral space during the Civil War, the U.S. Navy succeeded in shielding the Union from European interference. It was not the assumption of the British mantle that safeguarded the nation; rather, U.S. preeminence was secured by rejection of maritime overreach. Strong anti-British tariffs and industrial protectionism were the cornerstones of sustained commercial growth and genuine national independence. The unique problem with seapower, even in the contemporary period, is how easily we can glorify it. We love the sea, and mighty ships, and we tend to flaunt what we love, but this relationship has no place in a grand strategy that acknowledges the limited historical contribution of free trade to the American economy.
Topic:
Security, History, Economy, Maritime, Oceans and Seas, Trade, and Seapower
Political Geography:
Britain, North America, United States of America, and Oceans

208. Privateers! Their History and Future

Author:
Alexander Tabarrok and Alex Nowrasteh
Publication Date:
01-2015
Content Type:
Journal Article
Journal:
Fletcher Security Review
Institution:
The Fletcher School, Tufts University
Abstract:
Government employment of private military firms is not a new phenomenon. During the Age of Sail, naval powers issued privateering licenses to shipowners, allowing and encouraging them to raid enemy commerce and attack foreign navies during times of war – a system that bears several similarities to modern military contracting. But private enterprise did not go to war in a legal vacuum. How do countries make the incentives for private security firms align with national policy in the 21st century?
Topic:
History, Maritime Commerce, Economy, and Trade
Political Geography:
Britain, Global Focus, United States of America, and Oceans

209. Identifying Foreign Suppliers in U.S. Import Data

Author:
Fariha Kamal and Ryan Monarch
Publication Date:
08-2015
Content Type:
Commentary and Analysis
Institution:
Board of Governors of the Federal Reserve System
Abstract:
Relationships between firms and their foreign suppliers are the foundation of international trade, but data limitations and reliability concerns make studying such relationships challenging. We evaluate and enhance supplier information in U.S. import data and present new facts about importer-exporter relationships. Count of foreign exporters from U.S. import data tends to exceed those from source country data, especially from China. The pattern of U.S. imports from origin countries changes substantially by tracing trade back to the supplier's location instead. Related-party relationships trade more, while larger countries have more relationships.
Topic:
International Cooperation, Foreign Direct Investment, Business, Trade, Data, and Imports
Political Geography:
North America and United States of America

210. Alliance, Trade, Climate, and China

Author:
Graeme Dobell
Publication Date:
09-2015
Content Type:
Journal Article
Journal:
Comparative Connections
Institution:
Pacific Forum
Abstract:
The Obama administration and the Abbott government stood together in the new military coalition in Iraq and joined in the trade push for a Trans-Pacific Partnership. Australia’s Defence White Paper, about to be released, will be a strong and detailed statement of support for the alliance with the US. Yet, the discussion of the US-Australia relationship often turned into a debate about China. The notable political difference between Obama and Abbott in the past 12 months was over climate change. The US president highlighted the policy difference in a speech during the G20 Summit that Abbott hosted in Brisbane. The other divergence between Australia and the US was over China’s creation of the Asian Infrastructure Investment Bank. After initially sharing US fears about the bank, the Abbott government eventually decided to abandon the US and Japan and became a founding member.
Topic:
Climate Change, Diplomacy, Environment, International Cooperation, Alliance, and Trade
Political Geography:
China, Asia, North America, and United States of America