South Korea represents one of the unprecedented development experiences from a least developed and aid receiving country to a developed and donor country. Factors contributing to the rapid socio-economic transformation include focus on exports, investment in human and infrastructure capital, strong macroeconomic policies and a capable government with a long-term development vision. Investment in research and development and effective use of aid also played a key role in transforming the economy. Uganda has many lessons to learn from South Korea’s story and could benefit from a development alliance with this powerful transformed nation in the areas highlighted.
For more insight on lessons for Uganda to draw from, visit: