2011 Volume 10 Issue 3 Pages 125-130
Every country in the world promotes globalization as well as localization simultaneously. Korea aims to have all the regions strengthen a regional competitiveness. Lee Myungbak Government is pushing ahead with the 5+2 Economic Regions System as a means of new Regional Development Policy, strongly. <br>The objectives of this paper are to identify limitations of existing 5+2 Economic Regions System and to find out the facts that it is difficult for current Regional Development Policy to create competitive regions. This paper focuses on following four topics: i) direction of New Regional Development Policy, ii) delimitation of 5+2 Economic Regions, iii) role of Economic Region Development Committee, and iv) practical results of Economic Region Development Plan.<br>
