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Smart Specialization and EU Eastern Innovation Cooperation: A Conceptual Approach

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  • Prause Gunnar

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

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.

Suggested Citation

  • Prause Gunnar, 2014. "Smart Specialization and EU Eastern Innovation Cooperation: A Conceptual Approach," TalTech Journal of European Studies, Sciendo, vol. 4(1), pages 3-19, June.
    • Handle: RePEc:vrs:bjeust:v:4:y:2014:i:1:p:17:n:1
    DOI: 10.2478/bjes-2014-0001
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    References listed on IDEAS

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