12 Unlocking the potential of innovation and entrepreneurship
The role of local policy in cities
Abstract
As cities face increasing global competition and fiscal constraints in the post-recession economy, many city leaders wonder from what source future growth will emerge. One answer to this question is innovation, but the act of entrepreneurship assembles the components of knowledge and technology in the innovation process and amplifies the factors of economic growth. Cities that create and foster a culture of innovation and entrepreneurship will be better positioned for economic recovery, job creation, greater resiliency, and the potential for regional economic transformation. This chapter examines the concepts of innovation ...
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