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Key development needs in Southeast Asia and priority sectors of the Korean ODA

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Frame of Image es Research (ymkim@kiep.go.kr)
(ykwon@kiep.go.kr)
1. Introduction
enormous potential for growth possessed by Southeast Asia, widely touted as the next rising market, has not gone unnoticed by the international community. Eleven states, including 10 member states of the Association of Southeast Asian Nations (ASEAN) plus Timor Leste, comprise the region with much social, cultural, political, and economic diversity, as well as variations in sizes of their respective economies and levels of development. The
The
region also faces challenges regarding development, including income gaps, human development, industrialization, and expansion of infrastructure. There are movements to bolster efforts to achieve economic integration, with the goal of integrating the entire ASEAN community by 2015. There are also challenges most notably on the reduction in the development gap between Cambodia, Lao PDR, Myanmar, and Vietnam (CLMV countries) and others in the ASEAN.
Key Development Needs in Southeast Asia and Priority Sec-tors of the Korean ODA
2
relations have been most characterized by a rapid increase in trade since the late 1980s when Korea embarked on overseas investments in Southeast Asia. A large share of Korea’s ODA has been directed toward ASEAN members to strengthen development cooperation as a top priority. The Korean government is prioritizing poverty reduction and gap development, and has worked hard to resolve these issues through such channels as the New Asian Diplomacy, the


Full Text
Title Key development needs in Southeast Asia and priority sectors of the Korean ODA
Similar Titles
Material Type Reports
Author(English)

Kwon, Yul; Kim, Taeyoon; Lee, Jaeho; Kim, Yoomi

Publisher

Korea Institute for International Economic Policy

Date 2013
Series Title; No World Economy Upadate / 3-53
Pages 5
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Official Aid < Economic Infrastructure
Official Aid < Development Assistance
Holding Korea Institute for International Economic Policy