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The Korean regional development : Recent policy effects and new challenges

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Frame of Image nomic Development Plans, Korea transformed itself from a stagnant, agrarian country into a rapidly industrializing nation. economy. From the early stage of economic growth, however, economic activities and population have been increasingly concentrated in the Seoul capital region which increased its share of national population from 18% to 46.3%, and witnessed its gross domestic product rise from 25% to 45.9% of the national total between 1960 and 1996. As the nation’s capital and largest city, Seoul had the advantage of being the center of government, communication and finance, as well as providing a pool of skilled workers and a mass consumer market. Government policies which sought to maximize national economic development in the interest of efficiency may have been one major cause of increased regional inequalities and such tendencies towards polarization may have been exacerbated by the concentration of public
1
This transformation has been marked by unprecedented
growth in income, and by widespread structural changes in the
investment in a few favoured areas, including the Seoul and Pusan metropolitan regions. Such concentration of population and economic activity has become a major concern to policy makers as well as planners from the viewpoint of more balanced regional development. The Korean government has increasingly recognized that the ultimate objective of development is not only to obtain overall economic growth, but also to improve economic distribution. In 199


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Title The Korean regional development
Similar Titles
Sub Title

Recent policy effects and new challenges

Material Type Reports
Author(English)

Kim, Jay-Hyung

Publisher

[Seoul] : Korea Development Institute

Date 1999
Pages 31
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Territorial Development < National Land Development
Holding KDI; KDI School
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