hrvatski

Reshaping regional economic development – time for reindustrialization?

Industrial base characterized by minor innovation capacity and determined by other economic problems within a certain region cannot ensure the develop-ment of new competitive industries for the modern global market nor can it en-sure long-term sustainable economic growth and development for both its own region and on the whole national level. Consequences may be dramatic: nega-tive migrations of young and highly educated population towards developed EU countries – demographic and social problem, decrease of regional capaci-ties in the number of segments (fi scal, innovation, absorption) – economic and social problem, which weakens the national capacities in the terms of global- ization and increasingly harsh competition. Industrial policy had to shift from industrial policy centred on the state level, to top-down and production-specifi c industrial policy. Th e question is how decentralized approach to industrial policy should look like? Modern regional policy adds strategic importance to industrial restructuring, fi nding of own strengths in the form of smart special-izations and other structural adjustments in regions, especially those which are lagging behind. Many sectors on a regional level are mostly traditional (agri-culture, food industry, transport and alike) and therefore specialization among sectors, application of new technological solutions into the existing sectors and specialization in specifi c sectors are needed. Th e purpose of this paper is to better understand the meaning of reindustrial- ization in time of new and green economy, as well as to create basic precondi-tions for incorporating reindustrialization into the regional development strat-egy (according to the principles of smart specialization strategy). Key enabling technologies (KETs) of the new European industry are biotechnology, nano- technology, advanced materials and manufacturing systems that can provide the basis for a wide variety of new processes, goods and services, including the development of entirely new industries over the next decade. In order to ac-complish that, there is a need to explore those industrial branches which could be the generator of the future economic growth, as well as possible institutional solutions, and which will have a supporting role.

reindustrialization, regional dimension of industrial policy, KETs, smart specialization

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