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Towards a New Approach of Local Development Under Crisis Conditions: Empowering the Local Business Ecosystems in Greece, by Adopting a New Local Development Policy

Author

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  • Vlados, Charis

    (Democritus University of Thrace, Department of Economics)

  • Deniozos, Nikolaos

    (National and Kapodistrian University of Greece - Department of Turkish Studies and Modern Asian Studies)

  • Chatzinikolaou, Dimos

    (Democritus University of Thrace, Department of Economics)

Abstract

The competitiveness of the Greek economy evolves, both in the present crisis and later on, according to the dynamic micro-level environment and its transformations. This evolution depends on the SME’s abilities to claim a significant role in the new, competitive global environment, which is characterized by a continuous reshaping process. Respectively, the goal of achieving development in the local scale is of vital importance. This paper attempts to approach and highlight a new framework, by proposing a new business ecosystems approach and policy, focusing on the implementation of a method for strengthening the SME’s physiology. This method proposes the construction of systematic knowledge and innovation mechanisms, on a local scale; the Local Development and Innovation Institutes (LDI’s). Subsequently, we analyze the regional data in Greece in order to highlight the most affected by the crisis region and to experimentally establish the Local Development Institutes.

Suggested Citation

  • Vlados, Charis & Deniozos, Nikolaos & Chatzinikolaou, Dimos, 2017. "Towards a New Approach of Local Development Under Crisis Conditions: Empowering the Local Business Ecosystems in Greece, by Adopting a New Local Development Policy," DUTH Research Papers in Economics 2-2017, Democritus University of Thrace, Department of Economics.
    • Handle: RePEc:ris:duthrp:2017_002
    Note: International Journal of Regional Development, 5(1), 1–24, 2017
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    References listed on IDEAS

    as
    1. Zoltan Acs & László Szerb & Erkko Autio, 2017. "The Global Entrepreneurship Index," SpringerBriefs in Economics, in: Global Entrepreneurship and Development Index 2016, chapter 0, pages 19-38, Springer.
    2. Zoltán J. Ács & László Szerb & Esteban Lafuente & Ainsley Lloyd, 2018. "The Global Entrepreneurship and Development Index," SpringerBriefs in Economics, in: Global Entrepreneurship and Development Index 2018, chapter 0, pages 21-37, Springer.
    3. Katimertzopoulos, F. & Vlados, Ch., 2017. "Local Support Mechanisms for Entrepreneurship: The Approach of Local Development and Innovation Institutions," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 10(1), pages 30-41, March.
    4. Zoltan J. Acs & László Szerb & Ainsley Lloyd, 2017. "Global Entrepreneurship and Development Index 2017," SpringerBriefs in Economics, Springer, number 978-3-319-65903-9, October.
    5. Zoltan Acs & László Szerb & Erkko Autio, 2017. "Introduction to the Global Entrepreneurship Index," SpringerBriefs in Economics, in: Global Entrepreneurship and Development Index 2016, chapter 0, pages 1-2, Springer.
    6. Vlados, Charis, 2012. "The Search of Competitiveness and the Entrepreneurial Evolution in a Global Environment: Toward a New Approach of Development Dynamics Based on the Case of Greek Productive System," DUTH Research Papers in Economics 6-2012, Democritus University of Thrace, Department of Economics.
    7. Zoltan Acs & László Szerb & Erkko Autio, 2017. "Global Entrepreneurship and Development Index 2016," SpringerBriefs in Economics, Springer, number 978-3-319-63844-7, October.
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    Cited by:

    1. Charis Vlados & Nikolaos Deniozos & Demosthenes Chatzinikolaou & Michail Demertzis, 2018. "Perceiving Competitiveness under the Restructuring Process of Globalization," International Journal of Business and Management, Canadian Center of Science and Education, vol. 13(8), pages 135-135, June.

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    More about this item

    Keywords

    Local Development & Innovation Institutes; LDIs; Business Ecosystems; SMEs; Greece;
    All these keywords.

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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