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The making of a global economic player? An appraisal of South Korea's role in Myanmar

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  • The making of a global economic player? An appraisal of South Korea's role in Myanmar
  • Korea Economic Institute of America
  • Korea Economic Institute of America


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Title The making of a global economic player? An appraisal of South Korea's role in Myanmar
Similar Titles
Material Type Theses
Author(English)

Korea Economic Institute of America

Publisher

[Washington, D.C] : Korea Economic Institute of America

Date 2017
Series Title; No Academic paper series / 2017, Febuary 16
Pages 10
Subject Country Myanmar(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Conditions
Holding Korea Economic Institute of America
License

Abstract

Suddenly and unexpectedly, after several decades as Asia’s backwater and basket case of international development, Myanmar was thrust to the center stage of international attention in 2011. The country’s political opening has paved the way for greater engagement by international players, old and new. South Korea and the United States are no exception, with Korea doubling its development assistance, trade, and investment in the country in less than five years. Myanmar serves as an excellent vantage point to observe Korea’s evolving role in international affairs, especially in terms of its Asian engagement. Pragmatism drives the relationship, with Nay Pyi Taw trying to diversify its foreign policy and attract more investment, while Seoul seeks to expand foreign economic relations, extend the domestic market, and secure access to new resources.