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The role of foreign aid on economic growth : Lessons from the Korean economic miracle

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Frame of Image TER OF PUBLIC POLICY 2002 Professor Joo-Ho LEE
ABSTRACT
THE ROLE OF FOREIGN AID ON ECONOMIC GROWTH: Lessons from the Korean economic miracle By MEBRAHTU, Kiros Tikue
One of the gaps in development economics has been its inability to see the possible impact of foreign aid clearly. All economists who participated in the area came out with variety of results. In this regard the case of the Korean rapid economic development could be considered as one of the unconcluded issues.
According to several politicians and researchers, the Korean economic development resulted from the huge flow of foreign aid. Despite, the internal quality of the nation in its take-off, many researchers and politicians had been observed when they conclude the reverse.
The main them of this manuscript fall on assessing the role of foreign aid on development with especial consideration to the Korean case. In this material the basic questions like ‘what is the role of foreign
economic aid in Korea’s early development (take-off)?’ And ‘Why the Korean Economy grew fast after the early 1960s? Was Korea got more foreign aid after 1961 than before?’ are assessed in depth.
In order to consolidate the discussion the flow of foreign aid before and after 1961 are shown in detail. Based on the nature of the data simple techniques like graphs and tables are used. In addition, some basic economic indicators like GNP, national savings, trade balance and imports by type of expenditure are assessed.
The evidences in the mat


Full Text
Title The role of foreign aid on economic growth
Similar Titles
Sub Title

Lessons from the Korean economic miracle

Material Type Articles
Author(English)

Mebrahtu, Kiros Tikue

Publisher

[Seoul]:KDI School of Public Policy and Management

Date 2002
Pages 89
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Holding KDI School of Public Policy and Management

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