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Posts Tagged ‘by aaron’

For first time, Asia matches US high-tech investment expenditure

In Asia on February 9, 2012 at 3:56 pm

This originally appeared on Asia Matters for America.

US has lost over one quarter of high-tech manufacturing jobs in past decade.

Ten countries in Asia together invested $399 billion in S&T research and development, as much as the United States, in 2009. Image Source: National Science Board

For the first time in history, the Asian region in 2009 spent as much on research and development in science and technology (S&T) fields as the United States, the traditional leader in high technology investment. The spending has cost American jobs because multinational companies, many of them US-based, locate more of their knowledge-intensive, research and development jobs in Asia, according to a new report by the US National Science Board. During the last decade, the United States has lost nearly three in ten high-tech manufacturing jobs.

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America is second largest home for Koreans living abroad

In Asia on November 29, 2011 at 7:52 pm

This post originally appeared on KoreaMattersforAmerica.org

The town of Palisades Park, New Jersey, sits close to the George Washington Bridge, one of the main commuter thoroughfares into New York. Until the 1980s, the town was mostly Italian-American, with inexpensive houses and its share of vacant storefronts and buildings. But now, Korean language signs and bustling shops are tangible evidence that this town is home to the densest concentration of Korean Americans in the United States. More than 44 percent of the town’s population is now Korean American, reports the New York Times, up from 31 percent in 2000.

Caption: Mean Wealth of Households, 2009. Chart Source: Shinagawa and Lee

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US Congress Passes US-Korea Free Trade Agreement

In Asia on October 17, 2011 at 6:45 pm

This was written for the Korea Matters for America project.

Both houses of the Congress approved the US-South Korea Free Trade Agreement yesterday, marking the largest expansion of trade relations since the North American Free Trade Agreement (NAFTA) took effect seventeen years ago. The Korea agreement was passed along with trade deals with Columbia and Panama.

The deal passed as South Korean President Lee Myung-Bak began an official state visit in the United States with President Barack Obama. President Obama said the trade deals are “a major win for American workers and businesses,” and that “the alliance between the United States and the Republic of Korea is stronger than it has ever been.” President Lee called the agreement a “historic achievement” that “will open up a new chapter in our relationship.”

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