Abstract:

The speed of technological change requires continuous improvement of national and local economies, as the introduction of the range of innovations increases the competitiveness of companies and regions, positively affecting the welfare of the population. The ability to develop new ideas, reorganize existing knowledge and create new technological paths, while at the same time to implement the concept of smart specialization as the business and innovative basis for regional economies, can counteract the problems of economic development under any condition. The use of smart specialization in Ukraine becomes particularly relevant as it will be necessary to restore the current destruction of building stock, social and industrial infrastructures, and to lay the foundations quickly and efficiently for long-term development. The main determinants of regional intellectual specialization are supply and demand, innovation and smart technologies, business sector development, external threats, sustainable development goals, knowledge society, national and regional policies, digital transformation and the concept of a smart city. This paper examines the direction of the development of intellectual specialization, taking into account the best practices of implementing smart specialization strategies in Ukraine and the European Union. The mechanism for implementing the strategy of intellectual specialization and the status of development of sectoral innovations in regional economies, based on advanced scientific and technical achievements and innovations, are analyzed. It is demonstrated that the implementation of an effective regional policy of smart specialization can ensure the innovative and promising future development of the country. In Ukraine, an active policy of smart specialization in the areas where technologies are developed can strengthen the processes aiming at economic recovery, minimizing losses and increasing profitability for long-term innovative advances and broader development of the country. The concept of entrepreneurship specialisms encompasses the interconnection of science, education and business in the context of regional development. The purpose of initial smart specialization is to make the best use of the potential of the respective regions and countries by maximizing the adaptation of possible directions of scientific and educational development in these regions or countries, adapted to their specific socio-economic conditions.

Keywords:

Competitiveness, development, specialization, digitalization, economy, region.

How to Cite:

Igor Paryzkyi, Perehuda Yuliia, Kryvoberets Maryna, Hurina Olena and Glybovets Victoria. Smart Economy in the Regions of Ukraine: Current Trends and Development Vectors. [ref]: vol.21.2023. available at: https://refpress.org/ref-vol21-a151/