Smart Specialization and EU Eastern Innovation Cooperation: A Conceptual Approach

Prause Gunnar ()
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Prause Gunnar: Department of Business Administration, Tallinn University of Technology Akadeemia tee 3, Tallinn 12618, Estonia

TalTech Journal of European Studies, 2014, vol. 4, issue 1, 3-19

Abstract: The concept of smart specialization as a policy approach for regional development through increased regional productivity and competitiveness in the European context is actively discussed (European Union, 2009; OECD, 2014). Meanwhile, smart specialization has found its way into EU cohesion policy as well as into the European Commission’s Innovation Union flagship programme. In Eastern Europe, economic growth came to a sudden halt during the financial crisis in 2008/2009, leading to mass unemployment, economic decline and shrinking public spending. The economic downturn in Russia after 2008 was triggered by the outflow of capital and avoided large-scale social consequences. The paper highlights the main conceptual aspects of the smart specialization approach in the European Union and its implications on future EU Eastern Innovation cooperation with a special focus on EU’s largest Eastern partner Russia.

Keywords: EU Eastern cooperation; Innovation Policy; regional development; smart growth; smart specialization (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:bjeust:v:4:y:2014:i:1:p:17:n:1

DOI: 10.2478/bjes-2014-0001

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