“The key role of smart specialisation is to enhance hromadas and to transform regional economies instead of preserving traditional industries. The driving force for these processes are young leaders. Smart specialisation or smart decentralisation is actually a new tool of the regional policy. This implies the build-up of local knowledge-based economies and innovations which will be competing with each other. Its main feature is the formation of strategies following the “bottom-up” principle in a close cooperation and dialogue between the government, business, research and hromadas which share a common vision of the economic, innovative and scientific potential of the region”, said Hennadii Zubko, Vice Prime Minister – Minister of Regional Development, Construction, Housing and Communal Services of Ukraine, at the Forum of Regional Leaders which took place as part of the 15th Annual Yalta European Strategy Meeting.

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