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Local policy in the age of low growth
Local policy in the age of low growth
b Low growth, inevitable worldwide trend b
The global economic growth rate of each country has been declining since the global economic crisis of 2008. It is predicted that not only the world economic growth rate but also the economic growth rate of OECD countries including Europe, America and Japan will gradually decrease and fall to less than 2% per year by the 2030s. Korea is also hard to escape from this trend, and the future growth factors are also unclear considering the rapid aging and the low fertility rate. In other words, it is clear that the future Korean economy and society will flow to different aspects.
New paradigm is needed in the new age. Development Institute. It is already widespread that a new paradigm must be sought in line with the era of low growth, by reviewing the economic policies of the high-growth period, which was the center of development and diffusion. The author explores in depth the implications of low growth and the future growth trend in accordance with the role of local government and local policy under this awareness. It focuses on areas such as cities, transportation, industry, and jobs that have been popularized in the period of high growth, and how they should be different from the past. It will be a good guide for the national and local governments as it clearly indicates the direction in which the new paradigm should be set.
b Low growth, inevitable worldwide trend b
The global economic growth rate of each country has been declining since the global economic crisis of 2008. It is predicted that not only the world economic growth rate but also the economic growth rate of OECD countries including Europe, America and Japan will gradually decrease and fall to less than 2% per year by the 2030s. Korea is also hard to escape from this trend, and the future growth factors are also unclear considering the rapid aging and the low fertility rate. In other words, it is clear that the future Korean economy and society will flow to different aspects.
New paradigm is needed in the new age. Development Institute. It is already widespread that a new paradigm must be sought in line with the era of low growth, by reviewing the economic policies of the high-growth period, which was the center of development and diffusion. The author explores in depth the implications of low growth and the future growth trend in accordance with the role of local government and local policy under this awareness. It focuses on areas such as cities, transportation, industry, and jobs that have been popularized in the period of high growth, and how they should be different from the past. It will be a good guide for the national and local governments as it clearly indicates the direction in which the new paradigm should be set.
Hardcover
Published July 15, 2014
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