Understanding Regional Balanced Development in Korea

In this article, we propose a definition for “regional balanced development,” drawing from works in the literature and an analysis of its elemental terms. We briefly review the history of regional balanced development (RBD) in Korea and explore the directions future policy may take.

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Keywords: balanced development, regional development, regional inequality, demographic change, demographics, population aging, local extinction, Korea, KIET

JEL Classification: R12, R10, R11

Suggested Citation: Suggested Citation

Yoo, Yiseon and Jang, Jae Hong, Understanding Regional Balanced Development in Korea (September 01, 2024). Korea Institute for Industrial Economics and Trade Research Paper No. 24/IER/29/05/02, KIET Industrial Economic Review Volume 29, No. 5, pp. 16-24, Available at SSRN: https://ssrn.com/abstract=5019126 or http://dx.doi.org/10.2139/ssrn.5019126