(2011) Modularization of Korea's development experience : impact of foreign aid on Korea's development

2011 경제발전경험모듈화사업 : 한국의 원조수혜 경험 및 활용

Kim, Jun-Kyung / Kim, KS(Author)

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This paper is an economic study of the impact of aid on Korea, and the critical role it played in laying the foundations for sustainable development. There is little doubt that foreign assistance was invaluable in aiding Korea’s survival in the tumultuous years following its liberation in 1945 until the years immediately after the Korean War broke out in 1950. But assessing the longer term impact of aid on Korea’s development presents a more complex challenge. At one point, aid had a depilating effect on the economy and the government. Corruption and rent-seeking behavior had taken hold of a government dependent on aid, itself becoming an obstacle to reform and progress.

The lasting effects of aid and development policies on Korea can only be truly understood after taking a broader view of the development process. In this regard, advances in modern economics and the lessons of past reform experiences allow us to better explain Korea’s social and economic transformation. Despite the highly multi-faceted, complex, and contextual nature of development, policy lessons can be drawn from past experiences and Korea’s experience can offer some useful insights on current issues.

Issue Date
KDI School of Public Policy and Management
Economic Policy; Economic assistance - Korea(South)

Chapter 1 Introduction

Chapter 2 Evolution of Economic Development Theory

Chapter 3 Aid and Development in Korea

1. Broad Overview of US Aid in Korea

2. Investments in Infrastructure

3. Investments in Education

4. Start of Educational Revolution

5. Capacity Building and Technical Assistance in Education

6. Capacity Building and Technical Assistance in Higher Education

7. National Medical Center under UNKRA

8. Capacity Building and Military Assistance

Chapter 4 Land Reform

1. A Clean Break from the Institutional Past

2. Korean Land Tenure System before Land Reform

3. Land Survey and Institution of Land Registration System

4. Land Reform under US Military Government

5. Land Reform under New Korean Government

6. Vested Properties, Land Reform Program, and War

Chapter 5 Taking Ownership

1. Addressing Government Failure

2. Securing Foreign Loans

3. Allocation of Japanese Reparations Funds: POSCO

4. Japanese Development Assistance

5. Coordinating Better Outcomes

6. Saemaul Movement and Public Works Projects: Examples of Taking Ownership

7. Reforestation

Chapter 6 Conclusion

105 p.
Series Title
(KSP) Modularization of Korea's Development Experience ; v.2011-1
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