PM Narendra Modi awarded with prestigious Seoul Peace Prize 2018 for 'Modinomics'

Oct 24, 2018 11:51 IST
PM Narendra Modi awarded with prestigious Seoul Peace Prize 2018 for Modinomics

The Seoul Peace Prize Committee on October 24, 2018 conferred the 2018 Seoul Peace Prize on Prime Minister Narendra Modi for his contribution to world peace through his economic vision, ‘Modinomics’.

Recognition of 'Modinomics', 'Modi Doctrine' and 'Act East Policy'

The Committee recognised Modi's contributions to the growth of the Indian and global economies, crediting 'Modinomics' for reducing social and economic disparity between the rich and the poor.

The Committee lauded PM Modi's initiatives to make the government cleaner through anti-corruption measures and demonetisation. He has also been credited for his contribution towards regional and global peace through a proactive foreign policy with countries around the world under the 'Modi Doctrine' and the 'Act East Policy.'

With this, PM Modi became the 14th recipient of this coveted award. The award will be presented by the Seoul Peace Prize Foundation at a mutually convenient time.

Selection of PM Modi among a hundred candidates

The committee assessed over a hundred candidates proposed by over 1300 nominators from around the world and decided to bestow the Prize on PM Modi, calling him 'the perfect candidate for the 2018 Seoul Peace Prize’.

The nominating group consists of 300 Korean nationals and 800 internationals.

Past recipients

Year

Recipient

Country

1990

Juan Antonio Samaranch

Spain

1992

George Shultz

United States

1996

Medecins Sans Frontieres

Switzerland

1998

Kofi Annan

Ghana

2000

Sadako Ogata

 Japan

2002

Oxfam

 United Kingdom

2004

Vaclav Havel

 Czech Republic

2006

Muhammad Yunus

 Bangladesh

2008

Abdul Sattar Edhi

 Pakistan

2010

Jose Antonio Abreu

 Venezuela

2012

Ban Ki-moon

 South Korea

2014

Angela Merkel

 Germany

2016

Denis Mukwege

 Democratic Republic of the Congo

2018

Narendra Modi

 India

About Seoul Peace Prize

The Seoul Peace Prize was established in 1990 to commemorate the success of the 24th Olympic Games held in Seoul, Korea which saw participation of 160 nations, creating harmony and friendship.

The award was established to crystallise the Korean people's yearning for peace on the Korean Peninsula and in the rest of the world.

The award has been conferred biennially to individuals who have made their mark through contributions to the harmony of mankind, reconciliation between nations and to world peace.

The awardee receives a diploma, a plaque and honorarium of USD 200,000.

Past laureates include distinguished global personalities like former UN Secretary General Kofi Annan, German Chancellor Angela Merkel and international relief organizations like Doctors Without Borders and Oxfam.

 

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