The Economic Development Component of the Ethiopia-South Korea Relationship

9 Pages Posted: 14 Dec 2018

Date Written: September 21, 2018

Abstract

In the early decades of post-colonial times, the relationship between African states and South Korea was minimal as many African states at that time honed relations primarily with the Soviet Union mainly because they were robustly supported by the then communist countries in the struggle against colonialism. But things have changed as of recent. For the past two decades, South Korea and Africa have been increasingly recognizing each other as viable diplomatic and economic partners. Economic cooperation with South Korea particularly through investment and trade benefitted Ethiopia in terms of job creation, entrepreneurship, technology transfer and improvement of the livelihoods of the people. This, in turn, created a better investment environment and opened up the Ethiopian market for South Korean products. However, the Ethiopia-South Korea economic relationship must come to terms with various challenges. In this regard, this paper investigates the Ethiopia-South Korea economic relationship and provides policy suggestions for economic development of the two countries.

Keywords: Ethiopia, Korea, Economic Development, Relationship

Suggested Citation

Tefera, Messay, The Economic Development Component of the Ethiopia-South Korea Relationship (September 21, 2018). KIEP Research Paper, World Economy Brief 18-24. Available at SSRN: https://ssrn.com/abstract=3299394 or http://dx.doi.org/10.2139/ssrn.3299394

Messay Tefera (Contact Author)

Addis Ababa University ( email )

King George VI St
Addis Ababa, 1000
Ethiopia

Register to save articles to
your library

Register

Paper statistics

Downloads
7
Abstract Views
74
PlumX Metrics