South Korea's Official Development Assistance Policies: A Descriptive Review
DOI:
https://doi.org/10.7203/terra.12.26007Keywords:
Official Development Assistance, economic development, policy, education, South Korea
Abstract
Over the past decade, South Korea has positioned itself among the world's technological, industrial and cultural leaders. Its economic development model has been largely sponsored from a purely economic point of view by achieving a rapid industrialization of the country between the 1960s and 1980s. At that time, Official Development Assistance (ODA) became one of the financing instruments that promoted the country's economic and social infrastructure. Using this development experience, in 2010 South Korea joined the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD-DAC). Officially, its main purpose was to offer its development policy model to other countries. This model has been widely researched from academia especially until 2015. However, there are few reviews of the current status of these policies. Against this background, this article aims to develop a panoramic analysis of South Korea's ODA policies around the last decade and the particularities of these policies. To this end, the present research addresses a study of official budgets, programs, sectors and strategies through official reports of the South Korean government, and the OECD-DAC from 2012 to the present
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Author Biographies
Patricia Chica-Morales, Universidad de Málaga
Antonio J. Doménech, Universidad de Málaga
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