Abstract

Economic development is one of the main objectives of international cooperation. Based on that concept, the Mekong alliance, composed of developing Asian countries, was established in 2011. In response, South Korea, Asian economic leader, has architected several strategies to propitiate development among these nations using niche diplomacy. This investigation paper intends to evaluate the impact of said methodology as well as proposing a replication strategy in Latin America (Latam) while making use of Sequential Transformative Design. The results indicate that the areas of infrastructure and human capital are the ones that share the most similarities between Mekong and Latam and that the cooperation intervention from Korea has generated a positive impact in the development of the countries in the Southeastern region. Thus, it can be concluded that these mediations build up a role model for development policies to be implemented in Latam, guaranteeing regional growth.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.