PECULIARITIES OF SPECIALIZATION OF REGIONAL ECONOMIC SYSTEMS IN THE CONTEXT OF SMART-SPECIALIZATION OF REGIONS
Abstract
The article considers the economic essence of smart specialization of the region and identifies the impact of such specialization on increasing the competitiveness and innovation activity of the region. It is established that the main advantage of smart specialization at the regional level is to increase its competitiveness and innovation activity, as the presence of innovation in today's globalized world is a major factor in economic growth. The necessity of introduction of the concept of smart specialization in Ukraine in the field of regional policy is substantiated, first of all in the direction of involvement of universities, other educational establishments and research centers in definition of comparative advantages of regions and formation of strategies of their development on the basis of specialization. Smart specialization involves identifying strengths and developing the competitive advantages of regions based on the existing structure of the regional economy. In order to develop the economy and technology through innovation in the face of global competition, it is necessary to avoid duplication of research and innovation activities by different regions. In a broader context, smart is a specialization that includes the process of developing an innovative concept, identifying competitive advantages, and defining strategic priorities. The main principles of regional smart specialization were outlined. This model of regional development is aimed on solving such problems as: boosting the region innovation and competitiveness potential, as a basis for a sustainable growth model; increasing interregional cooperation, which is a key element in globalized economies; strengthening the focus on less developed and industrial transition regions. The examples of smart specialization were provided in the article. It is substantiated, that smart specialization is a new model of regional and interregional partnership, which has significant potential for providing the sustainable development of the Ukraine’s regions. The priorities of this model’s implementation were grounded.
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