Studies in Regional Science
Online ISSN : 1880-6465
Print ISSN : 0287-6256
ISSN-L : 0287-6256
Regional Development under the Slow Growing Economy
Promotion of regional development centering around investment for education and research facilities
Hiroshi SASAKI
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1978 Volume 9 Pages 241-251

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Abstract
It is the current of world history to smooth out earning differentials between advanced districts and underdeveloped regions. For this purpose economic growth is as well needed as the policy of reasonable redistribution of national income.
To evade the economic depression our government made efforts to increase public investments and consumption of general national expenditure for some years. But the effect is not yet notable.
Recent, general indifference to national big projects for transportation facilities, industrial combinats or powerstation etc. is due to the terror of public nuisance, which may be caused by those industrious facilities.
And decrease of consumption may be brought from such pessimistic viewpoint as forecasting slow down economy and decreasing income per capita in future.
Moreover fear of war often prevents perfect free trade of key foods and some important natural resources or products.
In order to help the world economic crisis belief in eternal peace and resolution of abolishing all war weapons and armaments for ever should be established in the hearts of peoples all over the world.
The way to the golden age could be built up only through global promotion of education and elevation of its standard.
It should be the key policy hereafter to encourage the investment for education and research facilities during the age of slow growing economy.
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© The Japan Section of the Regional Science Association International
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