A vital U.S.-South Korea trade pact

"In the short run, almost every free-trade agreement leads to some near-term job loss. But boosting trade and investment between countries in a major way sparks economies overall, creates new jobs and leads to new entrepreneurial opportunities that also create unexpected jobs. The U.S.-South Korean agreement is so powerful and obviously beneficial that the Japanese business-news media have been pleading for its government in Tokyo to duplicate a similar agreement with the Koreans."