Abstract
At the heart of the European Union’s innovation policy is Smart Specialisation Strategy (S3) as embodied in the Research and Innovation Strategies for Smart Specialisation (RIS3) programme. So far, RIS3’s efficacy on the revival of so-called lagging regions has been weak. This is in large part due to the weak initial endowments of technology, social/business networks, poor governance and institutional failures that typify lagging regions. This combination inhibits both the effectiveness of the programme and the ability of lagging regions to take advantage of the new opportunities proffered by Industry 4.0. This paper highlights some of these challenges and presents some policy directions for S3 and Industry 4.0 to deliver better regional cohesion and enhance inclusive growth.
| Original language | English |
|---|---|
| Pages (from-to) | 318-332 |
| Number of pages | 15 |
| Journal | Regional Studies, Regional Science |
| Volume | 7 |
| Issue number | 1 |
| Early online date | 25 Aug 2020 |
| DOIs | |
| Publication status | Published - 31 Dec 2020 |
Bibliographical note
Funding Information:Research was funded by the Regional Studies Association (RSA) under the RSA Expo grant scheme (1 September 2017–28 February 2019).
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- Industry 4.0
- RIS3
- Smart Specialisation
- lagging regions
- place-based policy
ASJC Scopus subject areas
- Geography, Planning and Development
- Sociology and Political Science
- Economics and Econometrics
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