Handbook of Regions and Competitiveness
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Handbook of Regions and Competitiveness

Contemporary Theories and Perspectives on Economic Development

Edited by Robert Huggins and Piers Thompson

The aim of this Handbook is to take stock of regional competitiveness and complementary concepts as a means of presenting a state-of-the-art discussion of the contemporary theories, perspectives and empirical explanations that help make sense of the determinants of uneven development across regions. Drawing on an international field of leading scholars, the book is assembled and organized so that readers can first learn about the theoretical underpinnings of regional competitiveness and development theory, before moving on to deeper discussions of key factors and principal elements, the emergence of allied concepts, empirical applications, and the policy context.
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Chapter 6: Economic competitiveness and regional development dynamics

Edward J. Malecki

Abstract

For many business leaders and policymakers, innovation and knowledge typify the characteristics of a knowledge economy and represent areas in which places compete. Rankings and comparisons among national and regional economies are now common. This chapter reviews the research on competitiveness, and demonstrates that knowledge, innovation and innovative capability are the core of economic competitiveness. The global innovation networks that enable creativity and innovation are formed in – and are attracted to – some places and not others. Although there are multiple dimensions of competitiveness, innovation is the fundamental dimension, comprised of local, global and virtual networks and systems of innovation.

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