Economic Themes (2009) 47 (4) 11, 153-167

DEVELOPMENT MEANS IN REGIONAL AND LOCAL ECONOMIC DEVELOPMENT


Boško Vojnović, Dejan Riznić

Abstract: Regional development refers to the process of starting, structuring and reaching the sustainable development, where it is important to take into account very complex regional situation and to apply adequate actions and instruments. Business incubation is a process of dynamic development intended to initiate development of economies, especially and primarily the local and regional ones. This process minimizes the number of the enterprises ruined in the first (start-up) phase of their life cycle. Last 30 years were significant by an increased number of business incubators recorded in many developed countries and, also, by the first positive steps made in those less developed countries.

Keywords:  regional development; competitiveness of region; incubator

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