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Foreign Aid for Economic Development in Cambodia

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This study analyzes the impact of foreign aid on Cambodian development. In order to derive lessons, we investigate Korean case and compare it with Cambodian case. We found that Korea could transform itself from aid dependent to a self-reliant country through ownership based policy. We propose policy recommendations for Cambodia; (1) Anti-corruption law enforcement should be carried out in relevant institutions. (2) Government industries should be established and strengthened to protect inflation. (3) Internal industries should be promoted in order to compete with Asian Economic Community (AEC). (4) Government should allocate more funds to improve education sector. (5) Land reform law should be enforced. (6) Transportation loans from China and other countries funding for their business purposes should be either reduced or used in the right way rather than benefitting the loan providers business.

Abstract

This study analyzes the impact of foreign aid on Cambodian development. In order to derive lessons, we investigate Korean case and compare it with Cambodian case. We found that Korea could transform itself from aid dependent to a self-reliant country through ownership based policy. We propose policy recommendations for Cambodia; (1) Anti-corruption law enforcement should be carried out in relevant institutions. (2) Government industries should be established and strengthened to protect inflation. (3) Internal industries should be promoted in order to compete with Asian Economic Community (AEC). (4) Government should allocate more funds to improve education sector. (5) Land reform law should be enforced. (6) Transportation loans from China and other countries funding for their business purposes should be either reduced or used in the right way rather than benefitting the loan providers business.

참고문헌 (51)

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