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South Korea's aid to North Korea's transformation process : Social market perspective

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  • South Korea's aid to North Korea's transformation process
  • Jang, Tae-seok
  • Ordnungs Politisches Portal


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Title South Korea's aid to North Korea's transformation process
Similar Titles
Sub Title

Social market perspective

Material Type Reports
Author(English)

Jang, Tae-seok

Publisher

Ordnungs Politisches Portal

Date 2010-05
Series Title; No Ordnungspolitische Diskurse / 2007-06
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Official Aid < Development Assistance
Holding Ordnungs Politisches Portal

Abstract

South Korea’s aid to North Korea is deviated from the international trend in development aid. As a stylized fact, we find that South Korea’s policy keeping economic relationship with North Korea was inconsistent and ineffective during the last decade. Since South Korea played a major role in promoting economic transformation process in North Korea, perspectives from social market economy, open economy, stabilization, and investment in infrastructure provide insights in dealing with development aid. Therefore the aid should be conditioned by projects promoting market system. And commercial activities should substitute government aid in a gradual way. Furthermore the evaluation process for policy rules should be designed to avoid rentseeking in advance under the dictatorship in North Korea.