Regional Innovation for Sustainable Development: The Case of Romania and China

In response to the crisis of globalisation since the new crown epidemic, the importance of regionalisation at the national development level has become increasingly evident. Using the Pearl River Delta region in China and the Cluj-Napoca region in Romania as research subjects, this paper prese...

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Bibliographic Details
Main Author: Tong Wu
Format: Article
Language:English
Published: Editura ASE 2023-06-01
Series:Proceeding Papers (BASIQ International Conference)
Online Access:https://conference.ase.ro/papers/2023/23058.pdf
Description
Summary:In response to the crisis of globalisation since the new crown epidemic, the importance of regionalisation at the national development level has become increasingly evident. Using the Pearl River Delta region in China and the Cluj-Napoca region in Romania as research subjects, this paper presents a comparative and interdisciplinary analysis of the drivers of regional innovation for sustainable development, the approaches and impacts of policy formulation and the dimensions of the impact of regional innovation on sustainable development through a literature analysis and case study approach. The study shows that the drivers of regional innovation for sustainable development mainly include government support (including financial and platform support) and the industrial capacity of local innovation and entrepreneurship (including academic capacity and industrialisation capacity); government policy formulation mainly has centralised and decentralised approaches, with centralisation requiring large upfront investment and decentralisation facing challenges in the integration of industry and research; the dimensions of regional innovation for sustainable development The main impact dimensions of regional innovation on sustainable development are industry-research synergy, social welfare, low carbon and environmental protection, and talent training. Through case studies, this paper also makes recommendations for stakeholders on the practical application of regional innovation. The findings and implications of this study are important references for policy makers, practitioners and researchers.
ISSN:2457-483X