South Korea's Eurasian Initiative: A Method of Promoting Economic and Social Rights in Asia

Abstract

An ambitious and well-structured economic plan was proposed by the former South Korean President Park Geun-hye at the International Conference on Cooperation in Eurasia, held in Seoul in 2013. This study discusses the situation of economic and social rights within the Asian continent and links the consequences of the proposed initiative. Through the South Korean diplomacy, the “Eurasian Initiative” could be realized. The study concludes with the major economic and social changes that may result from this initiative, which transforms Eurasia into an international economic center and restores its leading role. We refer to the socio-economic situation prevailing Eurasia and examine possible changes after the implementation of the proposed initiative. The study discusses the active role played by the South Korean diplomacy for initiative’s success and strengthening of ties with member states. It is likely that the projects will expand if the set goals succeed.