This study discusses the current problems with the project that aims to promote globalization in regions of Korea outside Seoul-Gyeonggi-do and it provides suggestions for policy solutions. Until recently, the central government has wielded a tremendous amount of power over Korea’s economic and social development. The expansion and increasing structural diversity of the Korean economy today, however, no longer makes such heavy-handedness of the central government viable. As the demand for a new and more advanced economic management system is on rise, and the age of local self-administration has finally dawned upon us, various regions in Korea have come to feel the increasing need to develop and implement their own globalization strategies. Most of these regions, however, have yet to develop proper settings and environments to pursue their goal of globalization. They therefore need to approach globalization on a long-term basis.
First, the local governments in Korea need to form their own platforms to promote globalization, complete with: an expanded workforce capable of globalization; reforms of the administrative system shared by the central and local governments; the enhancement of local capabilities for globalization; the increase in international exchange at both the governmental and non-governmental levels; and a reform of the substructure in order to prepare it for globalization. Local governments also need to define their own goals, in the light of local conditions, with respect to globalization.
Local governments should also consider how they can help local industries become globalized. They need to figure out why corporations today favor Seoul-Gyeonggi-do and develop proper solutions to recruit more businesses and investments to their respective territories. Such solutions should be applied to domestic and international corporations alike. The globalization strategies of different local governments and the economic development strategy of the national government need to be brought into harmony in order to transform Korea into a center of the Northeast Asian economy. Considering the expansion of the Northeast Asian economy on both sides of the Korean Peninsula, it is crucial to promote the active development of both the southwestern and southeastern parts of Korea.
지방의 국제화 추진전략(Globalization of regions in Korea)
|Series Title; No||정책연구시리즈 / 94-32|
|Subject Country||South Korea(Asia and Pacific)|
|Holding||KDI; KDI School|