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- Title
Mutual Priority and Aid Effectiveness: Is South Korea a Major Donor to its Major Recipients?
- Authors
Oh, Jinhwan
- Abstract
If donor and recipient countries act with mutual priority with regard to official development assistance ( ODA), the recipient can manage the ODA with less transaction cost and the donor can pay extra attention to its recipient with more responsibility for development. For example, the United States and Japan used to be South Korea's primary donors and South Korea used to be their primary recipient, as well. This could be a factor explaining the effectiveness of aid that South Korea had received in the past. However, this mutual priority is not observed when South Korea is disbursing its ODA as a donor. Policies of providing more ODA to stronger commercial ties as well as the current international trend of donor proliferation and recipient fragmentation may explain this.
- Subjects
SOUTH Korea; TRANSACTION costs; INTERNATIONAL economic assistance; ECONOMIC policy; EXTERNALITIES; INTERNATIONAL economic relations
- Publication
Pacific Focus, 2014, Vol 29, Issue 1, p116
- ISSN
1225-4657
- Publication type
Article
- DOI
10.1111/pafo.12023