World Can Learn from South Korea's Transition, Expert Says

    A view of South Korea's capital city, Seoul. The country's tranformation from aid recipient to aid donor provides key lessons to both developing and developed nations. Photo by: David Hepworth / CC BY SA David HepworthCC BY SA

    South Korea’s transformation from an aid recipient to a donor country provides key lessons to developing and developed countries alike, an international development expert said.

    The Asian country can share to other countries its experience in fighting poverty, Kim Eun-Mee, a professor at the Ewha Womans University Graduate School of International Studies, told participants at a forum in Seoul attended by journalists, diplomats and scholars from at least 40 countries. It focused on South Korea’s experiences and its role as a donor country.

    South Korea has a unique track record for graduating from a recipient to a donor country in less than a century, the Seoul Herald notes. It is the first former aid recipient country to join the Development Assistance Committee of the Organization for Economic Cooperation and Development.

    The country joined this exclusive club of donor countries in 2007, the newspaper adds.

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.