Entrepreneurship, Innovation and Regional Development: A Southern European Perspective

Knowledge, innovation and entrepreneurship are considered to be of utmost importance for regional growth, employment and social cohesion in the EU (Asheim et al. 2006). Most regions are meant to adjust their development policies or design new ones in order to incorporate the basic guidelines of the European Lisbon Strategy. The critical question arising is whether the institutional environment and the characteristics of the productive base in the European periphery of the South are suitable for the effective implementation of such policies.

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