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DO EMERGING DONORS ALLOCATE AID AS DAC MEMBERS DO? THE CASE OF KOREA IN THE MILLENNIUM ERA
Author(s) -
Lee Kye Woo
Publication year - 2012
Publication title -
journal of international development
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.533
H-Index - 66
eISSN - 1099-1328
pISSN - 0954-1748
DOI - 10.1002/jid.2872
Subject(s) - agency (philosophy) , poverty reduction , poverty , economic growth , aid effectiveness , millennium development goals , development aid , international development , economics , development economics , political science , developing country , business , sociology , social science
This study estimates the responsiveness of Korean aid to recipient countries' socio‐economic development needs and the strategic and commercial interests of Korea, with implications for other emerging and Development Assistance Committee (DAC) donors. For this purpose, fixed effects regression models are used for the allocation of aid by the Korea International Cooperation Agency (KOICA) to 157 recipient countries over the period 2004–2008. The results contrast sharply with the trend seen in DAC member countries. KOICA's aid allocations are consistent with neither socio‐economic development and poverty‐reduction objectives of aid, nor much of the strategic and commercial interests of Korea. Copyright © 2012 John Wiley & Sons, Ltd.