Entrepreneurship, Innovation and Regional Development
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Entrepreneurship, Innovation and Regional Development

Edited by David Smallbone, Markku Virtanen and Arnis Sauka

Entrepreneurship and innovation are arguably the main drivers of economic development today. This book explores the two in depth, at both the national and regional levels, using a variety of methodologies. The expert contributors discuss the subject from a policy perspective, with case studies from a host of countries including new member states of the EU as well as established EU member states. Split into three parts, the book focuses on: innovation, entrepreneurial activity and regional development, and entrepreneurship and SME policy.
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Chapter 10: Conclusions

David Smallbone, Markku Virtanen and Arnis Sauka


In this final chapter the editors seek to draw out the main conclusions from the chapters in the volume and, where appropriate, to draw some implications for policy, some of which are specific to individual chapters, but those of wider significance are highlighted. Well-conducted empirical investigations of entrepreneurship and innovation in former Soviet republics are welcome. Part I opens with Chapter 2 by Kalantaridis and colleagues, which shows that to be innovative businesses in Ukraine, irrespective of the nature of the innovation that is introduced, need to cope with the adverse institutional setting both at a national and a regional level, in order to tap into external knowledge sources. It is the institutional development and change related to the broader processes of market reform that are emphasised. But at the same time the researchers found significant differences in the strategies adopted by enterprises involved in different levels of innovation.

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