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The economics of country choice : South Korea and aid selectivity

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  • The economics of country choice
  • Smart, Catherine. B.
  • Yonsei University


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Title The economics of country choice
Similar Titles
Sub Title

South Korea and aid selectivity

Material Type Articles
Author(English)

Smart, Catherine. B.

Publisher

[Seoul]:Yonsei University

Date 2011
Journal Title; Vol./Issue Yonsei Journal of International Studeis:vol. 3(no. 1)
Pages 17
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Official Aid < General
Holding Yonsei Journal of International Studeis

Abstract

South Korea has increased its emphasis on aid outflows since it joined the Organisation for Economic Cooperation and Development (OECD). Although it aligns its aid program with most of the OECD’s Development Assistance Committee (DAC) requirements, such as poverty reduction, South Korea diverges from the DAC model in significant areas. One of the most evident differentiations between South Korean aid practices and DAC norms is the ROK’s decision to provide the largest share of its aid allocations to lower-middle income countries (LMIC), rather than least developed countries. This paper illustrates that South Korea’s preference for LMICs is a function of its aid relationship with the DPRK (Democratic People’s Republic of Korea, also North Korea), the ROK’s perception of itself as an international actor, an emphasis on economic and regional relationships and its own development history.