Borrowing from the World Bank for Education : Lessons from Korea and Mexico

国際教育協力論集 Volume 13 Issue 2 Page 49-71 published_at 2010-10-30

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Title ( eng )	Borrowing from the World Bank for Education : Lessons from Korea and Mexico
Creator	Lee Kye Woo
Source Title	国際教育協力論集 Journal of International Cooperation in Education
Volume	13
Issue	2
Start Page	49
End Page	71
Journal Identifire	[PISSN] 1344-2996 [EISSN] 1344-7998 [NCID] AA11281847
Abstract	By comparative static analyses, this paper tests the hypothesis that greater educational investment in Korea than in other developing countries led to the greater contribution to rapid economic growth in Korea during the 1960s-1990s. The empirical data do not support the hypothesis. No greater investment in education, including borrowings from the World Bank for education, was made in Korea than in other developing countries with the same level of per capita income. This paper therefore investigates whether the investment in education in Korea was more efficient than in other developing countries at the same level of development during the period observed. This investigation was made by comparing the characteristics of World Bank educational loans/credits for Korea and Mexico, respectively. The results do reveal significant differences between the two countries in several aspects and lend some lessons for both lenders and borrowers of educational development loans.
Keywords	official development assistance investment in education educational loans economic growth aid effectiveness World Bank Korea Mexico
NDC	Education [ 370 ]
Language	eng
Resource Type	departmental bulletin paper
Publisher	広島大学教育開発国際協力研究センター
Date of Issued	2010-10-30
Rights	Copyright (c) 2010 「国際教育協力論集」編集委員会
Publish Type	Version of Record
Access Rights	open access
Source Identifier	[ISSN] 1344-2996 [NCID] AA11281847