Integrated investment for improved regional competitiveness of Slovak Regions: Human Agency and Regional Innovation

Abstract

As regions emerge as critical drivers of economic growth and development, understanding the dynamics of these economic agents becomes imperative for policymakers and stakeholders seeking to enhance regional prosperity. This research delves into the potential roles of existing economic agents/tools, including actors and agencies, for integrated investment proposals. The research is about how to plan integrated investments for improved regional competitiveness for Slovak self-governing regions by considering the soft factors for regional competitiveness with a special focus on underdeveloped regions, including regions affected by the attenuation of mining activities and negatively related side effects. Through a mixed-method approach, our investigation synthesizes relevant literature on regional innovation and competitiveness; we analyze the intricate interactions and alignments of actors and agencies, exploring how their dynamics contribute to the region's ability to attract and leverage investments for promoting innovation and competitiveness. This research contributes to the ongoing dialogue on effective strategies for regional economic development and offers actionable recommendations for policymakers, businesses, and stakeholders to benefit from the potential. Ultimately, our investigation seeks to empower decision-makers with the knowledge needed to place-based/place-sensitive policies and initiatives that facilitate innovation, foster competitiveness, and drive regional success to new dimensions.