Civil Engineering Reference
In-Depth Information
5.4.2 Strategies for Fostering Industries
Two strategies such as standardization of intelligent robotics and promotion of
common market and privatization of national strategic robotics are recommended
to foster mechatronics industry.
Project for standardization of intelligent robotics and promotion of common
market
The project will provide supporting service for design of intelligent robotics,
supplying parts and will provide skills in marketing and problem solving, and
create common brand and establish infrastructure for various exhibitions, events
and efficient marketing. One-stop service for financial aid, consulting for operation
of firms and legal affairs will also be provided. Budget for executing the project
could be $12 million.
Privatization of national strategic robot
Major functions of this project are privatization of military and medical robotics,
special aimed robots, developing flat-form and intelligent module for personal
robots, and supporting for developing anti-terror robotic soldiers and robots for
information gathering. Budget for this project could be $16 million.
6 Conclusion
Regional economic development is realized when growth of residential industries
is visible on one hand and external factors are well matched with regional econ-
omy on the other. Accordingly, to achieve sustainable regional economic growth,
it is necessary to foster and attract high-tech and high value added industries to the
region and to restructure industrial composition in the region.
To acquire competitive power in technologies and products of local industries is
an essential factor in the globalized era. Transformation of main regional indus-
tries from traditional ones into high value added ones is one of the major jobs in
industrial restructuring at local level. Deregulation, providing financial support,
and levying less taxes are important jobs for central government in aspects of
external factors.
This research was aimed to review theories of regional economic policy and to
find how to foster regional strategic industries. Concept of the industrial policy and
definition of strategic industries were identified and the criteria and measures of
strategic industry selection were presented. Four industries, such as information
and communication industry, life industries, high-tech parts and material indus-
tries, and mechatronics industry were chosen as strategic industries for Daejeon
Metropolitan City. One of the key questions at this point is under what conditions
does a competitive strategic industry arise? The answer is that when industries
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