Abstract

Industrial districts and clusters are of utmost importance for economic growth and innovation in the European Union (EU). In this chapter, we analyse how smart specialisation policies have worked in different region types, combining cluster policies with smart specialisation ideas. Our study selects a sample of EU regions that differs strongly in terms of geography, size, socioeconomic dynamics, innovation capacities, and governance settings. Two key components of the strategy development phase deserved particular attention, that is, stakeholder inclusion and policy prioritisation. The cases selected are grouped into three main region types: advanced, intermediate, and less-developed regions. The empirical results suggest that advanced regions are in the best position to develop inclusive governance forms and to benefit from smart specialisation strategies. Intermediate regions also perform quite well with respect to the development of smart specialisation strategies, coping with stakeholder involvement, planning capabilities, and the capacity to prioritise a set of clusters and sectors. In contrast, in less-developed regions, weak innovation systems, insufficient experience with regionalised innovation policies, and high levels of state centralisation have undermined smart specialisation processes.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.