콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration
Official Aid Development Assistance

Print

Africa's vision for economic transformation and Korea's aspiration for partnership

Related Document
Frame of Image th has yet to be fully reconciled with the transformation for “shared prosperity.” As a result, economic transformation has emerged as the central theme of the Africa Development Bank’s (AfDB) policy agenda. Korea once faced similar situation to what Africa faces today. In the early 1960s, Korea was among the poorest nations in the world with a per capita income lower than that of Ethiopia and much less than that of Ghana. However, in a short period of time, Korea has successfully transformed itself from a poor agrarian
Africa’s Vision for Economic Transformation and Korea’s Aspiration for Partnership
2
society to a manufacturing powerhouse and is currently about to undergo another economic transformation to address emerging problems. This economic transformation is being set forth by the current Korean government as a “creative economy.” As such, Korea’s developmental history and economic transformation suggest that there may be some invaluable assistance and lessons that can be shared with African countries. According to the AfDB, “structural economic change is indispensable to achieve the desired progress of Africa and to bring prosperity to the continent's population.” Such a transformative agenda must ensure a broadly shared and bottom-up development. These should include (i) Agricultural modernization and rural transformation (ii) Private sector development (iii) Skills and technology development and (iv) Human Resource Development. • Agricultural and Rural Development


Full Text
Title Africa's vision for economic transformation and Korea's aspiration for partnership
Similar Titles
Material Type Articles
Author(English)

Park, Young Ho

Publisher

Korea Institute for International Economic Policy

Date 2014
Series Title; No KIEP Opinions
Pages 5
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Economic Administration
Official Aid < Development Assistance