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Foreign Aid and Development in South Korea and Africa - A Comparative Analysis of Economic Growth (Hardcover)
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Foreign Aid and Development in South Korea and Africa - A Comparative Analysis of Economic Growth (Hardcover)
Series: Routledge Explorations in Development Studies
Expected to ship within 12 - 17 working days
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This book compares the rapid development of South Korea over the
past 70 years with selected countries in sub-Saharan Africa to
assess what factors contributed to the country's success story, and
why it is that countries that were comparable in the past continue
to experience challenges in achieving and sustaining economic
growth. In the 1950s, South Korea's GDP per capita was $876,
roughly comparable with that of Cote d'Ivoire and somewhat below
Ghana's. The country's subsequent transformation from a
war-ravaged, international aid-dependent economy to the 13th
largest economy in the world has been the focus of considerable
international admiration and attention. But how was it that South
Korea succeeded in multiplying its GDP per capita by a factor of
23, while other Less Developed Countries continue to experience
challenges? This book compares South Korea's politics of
development and foreign assistance with that of Ghana, Nigeria, and
Zambia, which were also major recipients of the U.S. aid, to
investigate the specific contexts that made it possible for South
Korea to achieve success. Overall, this book argues that effective
state capacity in South Korea's domestic and international politics
provided an anchor for diplomatic engagement with donors and guided
domestic political actors in the effective use of aid for economic
development. This book will be of interest to researchers and
students working on development, comparative political economy, and
foreign aid, and to policy makers and practitioners looking for a
greater understanding of comparative development trajectories.
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