Seoul

Du Huynh ()
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Du Huynh: Fulbright University Vietnam

Chapter Chapter 2 in Making Megacities in Asia, 2020, pp 13-31 from Springer

Abstract: Abstract Seoul is the most successful of the five cities. It has all five factors of success. First, the national development strategy was clear since the early 1960; thus, Seoul has been prioritized for the country’s development. Second, Seoul has been allowed to keep a fair share of the budget revenue and expenditure. Its expenditure to the GDP is over 10 percent, about a half of the national one. Third, long-term strategies have been consistently promoted. Fourth, there have been many public entrepreneurs with powerful supporting coalitions and political terms are not necessarily a major constraint for achievements. Fifth, a centralized municipal government is positive for Seoul’s development. However, the role of urban planning is limited.

Keywords: Seoul; South Korea; Development strategy; Public entrepreneurship; Miracle (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sbrchp:978-981-15-0660-4_2

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DOI: 10.1007/978-981-15-0660-4_2

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