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Redefining the goal and strategy of regional development policy in Korea

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  • Redefining the goal and strategy of regional development policy in Korea
  • Kim, Kwang-ho
  • Korea Development Institute


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Title Redefining the goal and strategy of regional development policy in Korea
Similar Titles
Material Type Articles
Author(English)

Kim, Kwang-ho

Publisher

[Sejong]:Korea Development Institute

Date 2008-07
Pages 28
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Territorial Development < National Land Development
Holding Korea Development Institute

Abstract

This paper aims to put forward some policy suggestions regarding the goal and strategies of the regional development policy in Korea. We first survey past regional policies and examine the regional disparity in Korea. It is found using the OECD data that although population and income are highly concentrated, inequalities of income and other living standards do not seem as problematic as to call for strong government intervention. Moreover, recent development in the new economic geography implies that the ‘capital vs. non-capital area’ framework that has been shaping the Korean regional development policy should be reconsidered. The main message of this paper is that it is not desirable for the central government to disperse agglomeration to enhance regional equity and that local governments should be responsible for regional development. Therefore enhancing the autonomy and accountability of the regional government is essential.