Private Sector Development (PSD) has become a priority theme in development cooperation policies as well as practices of major donors over the past several decades. This paper explores the various approaches to PSD by major donors and draw implications for South Korea, as an emerging donor and the newest member of the OECD Development Assistance Committee. The growing consensus in development thinking and cooperation is that economic growth is a central element in achieving the Millennium Development Goals and poverty reduction, and that the private sector is the engine of economic growth. In this context, support for private sector development has increased to become a major item on the ODA budgets of major donor countries.
The paper begins by reviewing the change of development paradigm with specific focus on the role of the state and the private sector. After clarifying the concept and scope of PSD, it classifies three types of intervention in PSD; business environment reform, Making Markets Work for the Poor (MM4P) and Public-Private Partnership (PPP). Then it moves on to analyze and compare similarities and differences in the approaches of major PSD donors such as Germany, Sweden, the United Kingdom, the United States and Japan. Case studies of PSD in Mozambique and Cambodia are carried out. Subsequently, the current status of PSD-related assistance from South Korea is overviewed and analyzed in comparison with those of major donors.
The paper suggests that at the policy level, the South Korean Government must develop a PSD strategy, actively participate in PSD- related international fora such as the Donor Committee for Enterprise Development (DCED) and the Consultative Group to Assist the Poor (CGAP), and mainstream PSD as a cross-cutting issue in Country Partnership Strategies of its ODA priority countries. At the implementation level, the paper recommends that South Korea to strengthen its pro-poor focus, diversify aid modalities and channels and make improvements toward a results-based management approach in PSD
- 국제사회의 민간부문개발 지원 현황과 한국의 추진과제
- 정지선; 이주영
국제사회의 민간부문개발 지원 현황과 한국의 추진과제
[서울] : 대외경제정책연구원
|Series Title; No||ODA정책연구 / 11-05|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Official Aid < Multi-Sector|
|Holding||Korea Institute Economic Policy|