In this paper, the author demonstrates a comprehensive theory-based evaluation of Japan’s Foreign Student Policy towards Thailand between the years of 1954 and 2001, utilizing a logical framework named Policy Evaluation Matrix (PEM). The author makes two logical frameworks based on the policy objectives of Japan’s Foreign Student Policy, namely human resource development (policy objective related to development of recipient countries) and fostering of pro-Japanese leaders (policy objective related to a national interest). The collected data are analyzed on the two PEM to measure the effectiveness, impact, efficiency and relevance of the policy. The attainment of the policy objective (i.e. effectiveness) is estimated to be 75% from the perspective of human resource development and 87.5% from the perspective of fostering of pro-Japanese leaders. The result is plotted on a three-dimensional graph for ODA (Official Development Assistance) evaluation in order to know the relationship between inputs and impact on development and national interest.
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