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Korea - Delayed development of the Cholla Region : an institutional study - Secondary Cities Regional Project, Second Gwangju Regional Project, and Jeonju Regional Development Project (English)

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  • Korea - Delayed development of the Cholla Region : an institutional study - Secondary Cities Regional Project, Second Gwangju Regional Project, and Jeonju Regional Development Project (English)
  • World Bank (WB)


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Title Korea - Delayed development of the Cholla Region : an institutional study - Secondary Cities Regional Project, Second Gwangju Regional Project, and Jeonju Regional Development Project (English)
Similar Titles
Material Type Reports
Publisher

World Bank (WB)

Date 1996
Language English
File Type Link
Subject Economy < Macroeconomics

Abstract

Korea's 'economic miracle' has diverted attention from a heavy regional bias in Korea's development strategy stretching over three decades from the 1960s to the 1980s. The Cholla region lagged behind the impressive economic development that was taking place in other parts of Korea. Any significant infrastructure investment for industrial development did not come into South Cholla province until the early 1980s, 20 years behind the rival Kyungsang provinces. Today, Kwangju, the capital city of South Cholla province, is the fastest growing city in Korea with its population increasing at a rate of 4.5 percent per year. Moreover, Kwangju is the only city, among the six largest cities in Korea, which is gaining manufacturing employment. This study attempts to document the process of development of the region during the past two decades based on the experiences of World Bank financed projects, identifying the elements of success, and drawing lessons to be learned.