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Global Encyclopedia of Public Administration, Public Policy, and Governance pp 1–15Cite as

Regional Economic Development Policies of Korean Central Governments

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Until the early 1960s, per capita GDP level of the Republic of Korea (hereafter to be referred to as “Korea” or “South Korea”) was extremely low. Its per capita GDP ranked almost the lowest among all the countries that were surveyed by the United Nations (UN) then. As of the year 2017, however, its economy is the 11th largest in the world with a nominal GDP of 1.53 trillion United States (US) dollars, while its population has just doubled, e.g., from about 25 million to 50 million.

This fact of realized economic development from the extreme poverty state would still have significant implications for many developing countries. In particular, it would be very important to examine how Korea has developed the national economy, whose regional economies have been developed with their own original “growth centers” to have recently grown as high-density metropolises in the glocalized era. This chapter introduces how Korea has implemented regional economic development policies with an emphasis...

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Authors and Affiliations

  1. College of Public Affairs, Daegu University, Gyeongsan, South Korea

    Gil H. Park

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  1. Gil H. Park
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Correspondence to Gil H. Park .

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Editors and Affiliations

  1. Florida Atlantic University, Boca Raton, FL, USA

    Ali Farazmand

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Park, G.H. (2020). Regional Economic Development Policies of Korean Central Governments. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3819-1

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  • DOI: https://doi.org/10.1007/978-3-319-31816-5_3819-1

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  • Print ISBN: 978-3-319-31816-5

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