Bulletin of
Vitebsk State
Technological
University

Abstract

The article studies the European experience of regions where the strategy of "smart specialization" is implemented; main priorities are defined. The theoretical foundations of the "smart specialization" strategy have been developed, including: the conceptual apparatus (smart specialization strategy, smart business system, smart-cooperation); distinctive characteristics, basic principles of strategy development, common features and differences between the cluster strategy and the strategy of "smart specialization". The results obtained are the conceptual basis for developing methods for implementing the "smart specialization" strategy in the socio-economic development of regions.

"Smart Specialization" Strategy of Regions: Theoretical Aspects and European Experience