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The Change of Regional Development Paradigm and the Future of Development

  • Journal of the Association of Korean Geographers
  • Abbr : JAKG
  • 2014, 3(2), pp.147-157
  • Publisher : Association of Korean Geographers
  • Research Area : Social Science > Geography

Lee Yong Gyun 1

1전남대학교

ABSTRACT

The policy and direction of regional development are influenced by the circumstance of world economy. Through the process of industrialization development has been recognized as the vital element of regional growth. The purpose of this research is to understand the paradigms of regional development focusing on the actors and limitations of those development paradigms, and to derive the alternative direction for the future development as the sustainable development. Developed western countries expanded liberal market system through industrialization process, but experienced problems such as the increase of poverty in the labor class, long term recession and unemployment. To deal with those problems Keynesian development policy was introduced to boost economic growth with effective demand and to increase of consumption with government welfare system. However, since the 1970s economic recession and budget deficit caused the limitation of Keynesian development policy, and neoliberalism development policy was introduced focusing on the deregulation, privatization, and openness in the market. However, the neoliberalism policy has derived various problems such as income and class inequality, and social conflicts and environment. The direction of future development has to consider the decrease of gap both in the global and local level, and the increase of social participation and the endowment of authority for the making of sustainable development.

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