This study addresses alternative policy direction for the national balances development policy of Korean government by examining the adequacy of rationale of the policy of Korean government by examining the adequacy of rationale of the policy. Given t...
This study addresses alternative policy direction for the national balances development policy of Korean government by examining the adequacy of rationale of the policy of Korean government by examining the adequacy of rationale of the policy. Given the unbalanced spatial development pattern of the country, it seems appropriate for the government to intervene in spatial development pattern. Logical adequacy of the policy, however, are far from proved, since the policy characterizing by innovation-led regional development strategy, is supposed to achieve dual objectives of economic growth and spatial structure based on the new growth theory. Next, the study delineates the spatial pattern of economic growth theory. Next the study delineates the spatial pattern of economic growth resulting from the innovation-led economic development process. Thirdly, this study addresses the limitation of the current national balanced development policy based on the theoretical arguments developed previously, Finally, the study concludes by suggesting alternative directions for the national balanced development policy.