ScholarWorks@숭실대학교

초록

Recognizing the critical role of the growth of a local private sector in achieving economic development and poverty reduction, through a case study of the Republic of Korea, this study focuses on the relation between foreign aid and the rise of local businesses. Adopting a comparative historical institutional approach and recognizing various international and domestic contextual factors, this study argues that unlike in many other aid dependent countries where foreign aid largely failed to bring the growth of local businesses, in Korea aid played a positive and critical role in the rise of a sound local private sector. Specifically, this study focuses on the role of the state and shows that in Korea the government utilized aid resources to actively support the local private sector. In other words, this study highlights politics and adopts the perspective of political economy in understanding a complex interplay amongst state, business, and foreign aid.

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