Table of Contents

Innovation, Global Change and Territorial Resilience

Innovation, Global Change and Territorial Resilience

New Horizons in Regional Science series

Edited by Philip Cooke, Mario Davide Parrilli and José Luis Curbelo

Localized creativity, small high-tech entrepreneurship, related innovation platforms, social capital embedded in dynamically open territorial communities and context-specific though continuously upgrading policy platforms are all means to face new challenges and to promote increased absorptive capacity within local and national territories. The contributors illustrate that these capabilities are much needed in the current globalized economy as a path towards sustainability and for creating new opportunities for their inhabitants. They analyse the challenges and development prospects of local/regional production systems internally, across territories, and in terms of their potential and territorial connectivity which can help exploit opportunities for proactive policy actions. This is increasingly relevant in the current climate, in which the balanced allocation of resources and opportunities, particularly for SMEs, cannot be expected to be the automatic result of the working of the market.

Chapter 5: Innovative Regions: Strategic Spaces for Development

Antonio Vázquez Barquero

Subjects: economics and finance, economics of innovation, industrial economics, regional economics, innovation and technology, economics of innovation, urban and regional studies, regional economics


Antonio Vázquez Barquero INTRODUCTION 1. Heightened competition in the markets – the result of increasing integration of the international economic system – is fueling major economic and industrial transformations. Companies and organizations respond to the challenges of globalization with strategies that encourage the forces of development in the more dynamic and creative cities and regions through the adoption and dissemination of innovations throughout economies and societies. Since mid-2008 the current economic and financial crisis has been affecting both advanced and emerging economies and is shifting the international division of labor and the system of international relations. For innovative regions – which, following the crisis of the 1970s, had driven the application of knowledge and innovations in the production system – the crisis has become an opportunity to expand the process of restructuring the production system, promote changes in the organization of production, and, consequently, renew the regional model. The purpose of this chapter is to show how company and regional strategies are driving the evolution and transformation of the production system in recent decades. In their quest to become more competitive in the markets, companies adopt new technologies, introduce new forms of organization and make decisions about the most efficient localization for their plants. These strategic decisions are made in an institutional  environment that is increasingly prone to adopting new forms of governance at the state, economic and social levels. Companies and organizations implement their investment and location decisions in the more dynamic and innovative regions, thereby making them strategic locations in processes...

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