What can be learned from the Korean experience?

Author: OECD Development Centre  

Publisher: OECD Publishing

ISSN: 1729-0619

Source: SourceOECD Urban, Rural and Regional Development, Vol.2012, Iss.9, 2012-05, pp. : 128-138

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Abstract

This chapter draws lessons from the Korean experience and identifies what can be learned from the catching up strategy and the progressive integration of regional concerns into the country's growth strategy: from the evolution of regional development policy, and the recent paradigm shift towards regional competitiveness, to the current challenges that Korea is facing to advance further in regional development. The chapter concludes by underlining that beyond sharing knowledge on general lessons, there is no single response to development challenges. Each country needs to identify its current opportunities and challenges, establish its own priorities and develop its own strategy, mixing continuity in effort with experimentation of new policies to address new challenges, as Korea has been doing.