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Regional economic policy transition in local government of Korea

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  • Regional economic policy transition in local government of Korea
  • Hong, Ki-Yong
  • The European Regional Science Association


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Title Regional economic policy transition in local government of Korea
Similar Titles
Material Type Reports
Author(English)

Hong, Ki-Yong

Publisher

[Louvain-la-Neuve]:The European Regional Science Association

Date 2003
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Government and Law < Public Administration
Holding The European Regional Science Association

Abstract

This study aims at finding out the major policy tool changes in regional economic promotion by regions. The major findings are as follows; First, most local governments in Korea tend to adopt supply-led policies than the demanded one because of limited local resources and inexperience in its policy formulation/ implementation. Local government leaders, however, are increasingly aware of the importance of demand-led regional economic policy. This means that the entrepreneurial approach to economic development at the local level is being gradually imbedded after initiating local governance as a result of 1997 financial crisis in Korea. Second, the more wealthy, urban and industrial regions are the most innovative in every policy domain promoting regional economic development; this can be interpreted the urban areas have better access to financial/ human resources along with urban government officials having more experience in policy planning and implementation from their favorable resources. (The rest omitted)