Edited By Robertas Jucevicius, Jurgita Bruneckiene and Gerd-Bodo von Carlsburg
Jaime del Castillo, Jonatan Paton & Belen Barroeta - Clusters and Territorial Development: The Great Basque Transformation Towards Smart Specialisation
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Jaime del Castillo
University of Basque Country, Bilbao, SPAIN
Jonatan Paton & Belen Barroeta
INFYDE, Las Arenas-Getxo, SPAIN
Clusters and Territorial Development: The Great Basque Transformation Towards Smart Specialisation
Nowadays, territories are facing an uncertain and complex context, characterised by globalisation and economic, social and environmental challenges. In this context, competitiveness and innovation have become central topics of academic, business and political debates with regard to the ability of the economies to generate wealth and employment. In parallel, regarding the role of territories on competitiveness and innovation, clusters have become progressively a spreading phenomenon all around the world, due to their increasing importance as theoretical explanation for economic development and their recurrent use as public policy instruments.
Besides, the importance of clusters has been mixed with the concept of smart specialisation, a territorial development model that seeks to increase the efficiency and effectiveness of economic systems. This new model has been strongly incorporated within the new European Regional Policy logic in the shape of Regional Smart Specialisation Strategies –RIS3.
The Basque Country is one of the best regional cases to analyse all these issues. During a period of nearly three decades, the Region has developed specific public-private initiatives as well as a complete policy framework that has contributed to the emergence of a smart specialisation approach. The paper analyses the different stages of the so-called “Great Basque Competitive Transformation” (from...
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