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FDI and Aid Strategies in Resource Rich African Countries

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In this paper, using a modified Diamond model, Korean FDI and foreign aid strategies to resource rich African countries are investigated. This paper suggests that Korea needs to develop partnership with the selected African countries taking into consideration the risk and reward factors and combine FDI and aid to support Korean acquisition of vitally important resources for its economy. It presents how both African countries and Korea would be benefited from their economic cooperation.

Abstract

In this paper, using a modified Diamond model, Korean FDI and foreign aid strategies to resource rich African countries are investigated. This paper suggests that Korea needs to develop partnership with the selected African countries taking into consideration the risk and reward factors and combine FDI and aid to support Korean acquisition of vitally important resources for its economy. It presents how both African countries and Korea would be benefited from their economic cooperation.

참고문헌 (19)

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  5. Hermes, N, "Changing the conditions for development aid: A new paradigm", The Journal of Development Studies, 37(6), pp.1~ (2001)
  6. Kim, J. H., "Inter-Korean Economic Cooperation", International seminar on North Korea and the East Asian economic crisis (1998)
  7. Kim, D. D. K, "Does FDI inflow crowd out domestic investment in Korea", Journal of Economic Studies, 30(5), pp.605~ (2003)
  8. Lancaster, C, "Foreign aid: Diplomacy, development, domestic politics" (2006), University of Chicago Press
  9. Ministry of Foreign Affairs and Trade, "Country Profile, Nigeria, Republic of Korea", Ministry of Foreign Affairs and Trade, ~ (2010)
  10. Ministry of Foreign Affairs and Trade, "Country Profile, South Africa, Republic of Korea", Ministry of Foreign Affairs and Trade, ~ (2010)
  11. Mineral resources, "South Africa Yearbook", pp.390~402 (2010), Republic of South Africa
  12. "The mineral industry of Nigeria" (2008)[URL]
  13. Moon, H. C., "A generalized double diamond approach to global competitiveness of Korea and Singapore", International Business Review, (7), pp.135~ (1998)
  14. Porter, M. E, "The competitiveness of nations" (1998), Free Press
  15. Ranaweera, T, "Ghost of the financing gap: An overlooked aspect of the aid debate", Journal of International Development, 16(4), pp.637~ (2004)
  16. Rugman, A. M, "How to operationalize Porter's diamond of international competitiveness", The International Executive, 35(4), pp.283~ (1993)
  17. Rugman, A. M, "The “double diamond” model of international competitiveness: The Canadian experience", Management International Review, 33(2), pp.17~ (1993)
  18. Van Der Hoeven, R, "Assessing aid and global governance", The Journal of Development Studies, 37(6), pp.109~ (2001)

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