Recently, a variety of attempts are being made to strengthen regional competitiveness both in country and regional level. Furthermore, strengthening regional competitiveness is linked to strengthening national competitiveness, so it forms the ground f...
Recently, a variety of attempts are being made to strengthen regional competitiveness both in country and regional level. Furthermore, strengthening regional competitiveness is linked to strengthening national competitiveness, so it forms the ground for facilitating national growth. While diversified approaches are being discussed on these issues, recent trends seem like requiring more active ways to achieve regional competitiveness by exploiting regional circumstances and characteristics in conjunction with economy, industry and environment. Along with the changes appearing in domestic and international circumstances, the maximum use of regional resources including physical, human and environmental resources for achieving urban and regional competitiveness and the use of them as new driving force for growth are being increasingly required. Corresponding to these current situations, attention being paid to regional industry and economy gets higher. Regional industry that drives regional development is emerging as a major factor that causes rapid change in social and economic environment. Moreover, in respect of regional self-development and competitiveness achievement, regional specialization industry has close relation with a city’s economic self-sufficiency.
The basic direction which regional specialization industry is heading in is categorized into a strengthening regional competitiveness and a promotion of the regional resources’ efficient use. The effect due to the policy of driving regional industry development through job creation in the region enables to induce the return of the effect to the region. Therefore, it is required to set the differentiated development strategy by means of systematic and objective analysis based on the characteristics of regional specialization industry and distinctive circumstances of the region.
This study aimed at identifying major factors that influence the economic growth and the specialization industry of the region, and suggesting policy implications on ways to achieve continuous growth in regional specialization industry and regional economic growth by causal analysis of industrial specialization, industrial diversity and regional compounded growth rate based on the major influential factors identified in this study. This study tries to give opportunity to review potential impact influencing regions in advance in spite of its briefness. In new situations due to long-term change in industry that will occur in the future, this study also has significance in seeking fundamental policy implications to allow regions to effectively adapt to this new situations and to minimize the negative impact.