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Korean Bilateral Official Development Assistance to Africa Under Korea's Initiative for Africa's Development

Published online by Cambridge University Press:  21 March 2016

Mi Yung Yoon  and
Chungshik Moon
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Abstract

In the past several years, the Republic of Korea—a former least developed country (LDC) and aid recipient that became a donor—joined the “club of emerging donors” to Africa. In March 2006, President Roh Moohyun declared Korea's Initiative for Africa's Development. The initiative puts poverty reduction and socioeconomic development of African countries in the forefront. Using pooled cross-sectional time series data, in this study we examine the determinants of Korean bilateral official development assistance (ODA) to Africa for the period 1991–2011. The findings of the study suggest that the approach of Korean ODA does not differ significantly from that of many conventional donors whose ODA disbursement has had a dual purpose: to improve the welfare of developing countries and to serve self-interests.

Keywords

Korean ODA to AfricaKorea's Initiative for Africa's Developmentdeterminants of Korean bilateral ODA to AfricaTobit analysis
Type
Articles
Information
Journal of East Asian Studies , Volume 14 , Issue 2 , August 2014 , pp. 279 - 302
Copyright
Copyright © East Asia Institute 

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