1. Learning from Each Other: The Multifaceted Potential for Partnership between the Republic of Korea and Germany
- Author:
- Niels Keijzer, Stephan Klingebiel, and Min Jee Oh
- Publication Date:
- 01-2022
- Content Type:
- Policy Brief
- Institution:
- German Institute of Development and Sustainability (IDOS)
- Abstract:
- Although geographically distant, there is considerable convergence in the development policy priorities of Germany and the Republic of Korea (hereafter: Korea) – and indeed scope for cooperation between them. Whereas Germany was a founding member of the international development cooperation system as we know it today, Korea is a recent member of the Organisation for Economic Co-operation and Development (OECD) and its Development Assistance Committee (DAC) and both an important former recipient as well as a current provider of development cooperation. The development policies and operations of Germany and Korea are confronted by a challenging global geopolitical and economic setting, as well as a worrying decline in human development globally. Both countries are being challenged to respond to this changing setting and to communicate such changes effectively in their contributions towards advancing sustainable development at home and through international cooperation. Both countries have seen considerable increases in their official development assistance (ODA) budgets during the past decade, with Korea expected to continue its gradual growth path, whereas Germany may face challenges to consolidate its ODA budget – notwithstanding its important position as the only G7 member that has reached the target of providing 0.7 per cent of its gross national income (GNI) as ODA. This policy brief describes and discusses the German and Korean systems for setting development policy.
- Topic:
- Partnerships, Economy, Foreign Assistance, and Development Policy
- Political Geography:
- Europe, Asia, South Korea, and Germany