Contemporary Theories and Perspectives on Economic Development
Edited by Robert Huggins and Piers Thompson
Chapter 24: Regional competitiveness, policy transfer and smart specialization
The notion of competiveness is not without its detractors. However, it has evolved largely outside of orthodox economics in the engineering and management disciplines, and emerged primarily as a systems type of perspective and approach which is also central to modern analyses of both entrepreneurship and innovation. Over time the concept has become increasingly adopted within mainstream economics and is regarded as having particular relevance in the context of regions and geography. The concept has now become a central pillar of many economic policy narratives within the international arena and also plays an important role in the international policy transfer agenda. This is particularly so in the case of the European Union smart specialization agenda, which although emerging from slightly different origins and emphasizing different priorities and mechanisms still follows many similar or related principles to those highlighted in the competiveness literature. This chapter examines the evolution of the concept of competitiveness and discusses its increasing application with regard to identifying the underlying economic performance of regions and the appropriate and relevant policy settings which might be employed in order to enhance such performance. Its importance in partly influencing and shaping some of the themes of the smart specialization agenda of the European Union Cohesion Policy are discussed.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.