The impact of regional policy on entrepreneurship

Essay from the year 2006 in the subject Business economics - Economic Policy, grade: 4,0 (gut), University of Pécs (Faculty of Business and Economics), course: Entrepreneurship Studies, language: English, abstract: It seems helpful to me, first to clarify the two most important terms of the title of this essay. The first term is 'regional policy' that includes two parts that should be explained: region and special policy for regions. Regions Regions are marked through a number of special criteria: o'singleness (unique position) ootherness (differentiation criteria) ocommonness (culture, traditions, landscape) ocollective identity (shared history, doom) oregional awareness (feeling of belonging together, identification) ogovernment's organisation (administration, policy) oelected representation (self-determination, -administration) ohomogeneity (socio-economical, cultural, ethnical) ofunctional togetherness (networks) opower-connection (domination, dependency, interconnections) ointer-organisational networks (socio-economical milieu) oopenness (cross-linking, knowledge-transfer) oglobal competitiveness (competition, networks)' The policy that especially affects the concerns of regions is called 'regional policy'. Regional policy aims to support the planned development of regions in the way of coordinated measure setting. As regional policy is embedded in the nationwide policy, it aims from the viewpoint of the national government to •maximise economic growth and •minimise social costs As development of regions always includes entrepreneurship to create regional value, I would like to collect state of the art knowledge about how regional policy can support entrepreneurship. Here the question appears, what could been understand under regional policy. Regional policy Regional policy is the sum of law, strategies and measures for setting and influencing a framework and processes in particular areas of a nation through the government. With special regional policy government seeks to reduce spatial disparities in economic. The last term I would like to introduce for my essay is Entrepreneurship. In this context, entrepreneurship is not each business activity in a wider understanding of the term but I mean the field of founding new enterprises based on an idea for providing products or services that are not available in or near the region yet.