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Private Sector Strengthening as Pillar of South Korea’s Development Assistance toward Cameroon

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  • Eric, Eloundou Ngah

    (African Center for International, Diplomatic, Economic and Strategic Studies)

Abstract

This article questions the mixed impact of official development assistance (ODA) within African countries over the past 50 years; and projects the prospects for improvement over the next 50 years, with reference to South Korea, which moved from being a recipient to a donor country between 1969 and 2009. It appears that ODA has more systemic impact when it accompanies the structural transformation of the economy, notably through production infrastructures, technical and vocational training of human resources and the cult of entrepreneurship. Hence the obvious interest in Koreas approach to development assistance, which is based on its own experience and which is effectively in line with the development vision now being pursued by all African countries, via the African Union. In the specific case of Cameroon, a sectoral approach to ODA is strongly recommended to the Korean Government for the implementation of the development assistance policy focused on industrialization. It allows better control of the two major constraints here, namely: financial and ecological constraints.

Suggested Citation

  • Eric, Eloundou Ngah, 2020. "Private Sector Strengthening as Pillar of South Korea’s Development Assistance toward Cameroon," World Economy Brief 19-26, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2019_026
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    Keywords

    Cameroon; ODA;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

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