Latin America is a large emerging market for Korea and politically home to many friendly nations. Therefore, it is an important continent for Korea’s expanding market and for maintaining amicable relations in world politics. Yet Korean ODA, which is...
Latin America is a large emerging market for Korea and politically home to many friendly nations. Therefore, it is an important continent for Korea’s expanding market and for maintaining amicable relations in world politics. Yet Korean ODA, which is growing quantitatively as well as qualitatively, is still focused mainly in Asia, and the portion of Korean ODA reaching Latin America is still very small despite gradual increases. In order to achieve high aid- effectiveness with a relatively small amount of aid, Korea should select the sectors in which it can implement aid well and practice efficient methods for implementation. In line with this approach, Technical Vocational Education Training (TVET) is the best sector in which Korea has a comparative advantage in relation to other donor countries. Moreover, Latin American countries’ demand for Korean TVET is high. In terms of the method for implementation, this thesis suggests that Public-Private Partnerships (PPP) are an efficient method for implementing TVET ODA. PPP has recently emerged as a new paradigm for achieving high aid-effectiveness because it encourages the cooperation among government, private companies and Non-Governmental Organizations (NGO). As such, this research begins from the question ‘As Korea is practicing TVET ODA in Latin America, is it more efficient and effective to implement it through PPP.’ In the case of Latin America, discussion about Corporate Social Responsibility (CSR) is lively and more and more Korean companies are entering the emerging markets in Latin America. Given this background, this study will contribute to the discussion on how to achieve high aid-effectiveness by suggesting the possibilities for implementing PPP and the efficient ways to practice PPP through Korean TVET ODA in Latin America.