Abstract
Market failures and the challenge of applying Smart Specialisation Strategies in the Turkish Cypriot community
Highlights
Smart Specialisation refers to a strategic approach to regional development
Even though Turkish Cypriots became European Union (EU) citizens, the Turkish Cypriot Community (TCc) cannot benefit from all the rights provided by the EU accession, such as direct trade or free movement among member states
The EU adopted a Green Line Regulation to allow trade between Turkish Cypriots with the rest of the EU. With this context in mind, this article looks at the possible allocation of EU Structural Funds and the subsequent implementation of a Smart Specialisation Strategy (S3), as part of the EU’s regional development policy after a possible reunification of currently Associate Professor Frederick University (Cyprus) territory
Summary
Smart Specialisation refers to a strategic approach to regional development. The idea is to focus public support on research and innovation policies and to support a strategic vision for growth. In this Insights, Bernard Musyck, looks at the possible allocation of EU Structural Funds and the subsequent implementation of a Smart Specialisation Strategy (S3), as part of the EU’s regional development policy after a possible reunification of Cyprus territory.
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