Smart specialisation is an innovative strategy for regional economic
transformation and is now a key part of Europe’s efforts to help its regions
work their way out of recession. It implies that a region selects a limited
number of priorities on the basis of its own strengths and international
specialisation. The strategy requires that support and investment actions are
not fragmented and that Structural Funds are concentrated on a limited number
of priorities, those with the highest development potential.
http://ec.europa.eu/regional_policy/sources/docgener/panorama/pdf/mag44/mag44_en.pdf
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