South Korea’s Development Cooperation Policy(Approach) in African Countries: the case of Senegal

Development Cooperation;policy;South Korea;Africa;priority partner countries;ODA;trade;FDI;Senegal.;307

Malick Habib Jimmy Deguenonvo국제대학원 국제학과(국제지역학전공) ;

University:서울대학교 대학원

关键词: Development Cooperation;    policy;    South Korea;    Africa;    priority partner countries;    ODA;    trade;    FDI;    Senegal.;    307;   

Others  :  http://s-space.snu.ac.kr/bitstream/10371/161139/1/000000156317.pdf

美国|英语

来源: Seoul National University Open Repository

【 摘 要 】

Strongly engaged in Development Cooperation in the early 2000s with the adoption of the MDGs, South Korea committed to support developing countries by sharing its development experiences and funding development projects to bridge the gap between developed economies and poor countries. This paper examines the Korean Development CooperationPolicy or approach in respect with African countries, with a focus on Korea’s Priority partner countries and particularly with a case study of Senegal. It scrutinizes the instruments used in the Korean Development Cooperation, ODA, trade and FDI. The Gift Theory of Marcel Mauss is used as theoretical tool to explain DC between developed countries and developing ones. In the analysis period 2000-2016, there is clear evidence that South Korea’s support volume is increasing over the years, however, it is not necessarily destined to LDCs, among which numerous African countries, questioning its motives, some argue interest-based, others humanitarian based. Its assistance is mainly constituted of grants and loans with its governmental agencies, KOICA and EDCF respectively. With the strategic plan, the mid-term strategies and the CPS, Korea enhanced it DC for a more effective and efficient support.However, with African countries, not many development financing tools are being used and that explains the low level of Korean DC in Africa, hence its inefficiency. As a priority partner country, Senegal benefited of EDCF funds and lots of projects from KOICA in the social as well as in the economic infrastructures. However, in Senegal, as in Africa in general, the volume of FDI is very low and trade is composed of Senegal’s exports of fisheries and imports of Electronic devices, mainly. As a policy recommendation to conclude, it is argued that developing trade, FDI, and other development financing tools, as it is the case with its Asian partner countries, would develop infrastructures, human capital, know how, create job and boost the economic growth in the recipient countries and make South Korea’s DC an efficient one and a win-win deal.