I read recently that Korea recently completed negotiations on free trade agreements with the US and the EU. If it is signed into law, do you think that the implementation will have a detrimental effect on aggregate employment in Korea in the long run?
Another article reports that comparative advantage in labor-intensive goods like electronics is decreasing and comparative advantage in resource-intensive manufacturing (e.g. furniture) is increasing in SE Asian countries (Singapore, Taiwan, Malaysia, Indonesia). Lets say there have been no unusual developments in either the electronics industry or the furniture industry in those regions, then what could account for the changing comparative advantage?
Lastly, could someone explain the reason for the rise in the pound in the following article,
Or does it play no part?