Regional Formation and Development Studies

For successful economic transition to the new stage of development improvements in business environment, as also the entrepreneurswho are ready to start your own business and to set up new companies. One of the main challenges the EU Member States face isthe need to boost their level of entrepreneurship and to become more competitive in the global market. That was one of the mainobjectives set by the Lisbon European Council, in March 2000, with a view to improving the Union’s performance in terms of employment,economic reform and social cohesion. Entrepreneurship is not only a driving force in the creation of new jobs, but it alsoincreases and enhances competitiveness and growth, personal fulfilment and the achievement of social objectives. The authors payspecific attention to the need to examine factors that affect the business environment development and entrepreneurship in regions ofLatvia, which determinethe complexity of the existing conditions and factors in each region in Latvia.

We are living in world of dynamic changes, and transformations of global systems and the environment around us leave an impact

Innovation and entrepreneurship in regions is one of essential tools, in added value creation in economics and in development in national level. It is very important to encourage creativity, new ways of thinking and continuous process of learning of individuals. There are some different approaches how to measure competitiveness of state economy and competitiveness in regional level. Global Competitiveness Index shows competitiveness of state among other world economies based on the 12 pillars of competitiveness, which is difficult to apply in regional or entrepreneurial level due to lack of data at regional level. Innovation is a key factor for development and competitiveness in individual (individual, enterprise) and institutional (local governmental institutions, regional, national and global level. Scientific problem of article is that impact of creativity, knowledge creation and dissemination and cooperation could not be measured trough quantitative data. Aim of the article is to define support model for cooperation of individual – institutional level in innovative entrepreneurship and its impact on regional development. Methods ar analysis of scientific literature, and political planning documents for define of support model in dynamic external environment.

An aging population is defined in the scientific literature as changes in the structural age composition of the population, which leads to growth in the population of those who are 60 years and older. The aging of population is a social and economic problem that needs to be understood and addressed. Aging of the population has a significant impact on national economies, as well as within individual regions of the country. The old age index has a significant impact on regional supply of services. It is worth stressing that in order to improve a community’s quality of life and reduce disparities between regions, it is necessary to continually assess the level of development and regional development opportunities. Evaluation of the regional socio-economic situation should be performed periodically, so that regional policy measures can be directed to the areas of greatest need.

The aim of the article is to analyse the determinants and good practices in using knowledge as a factor in the development of entrepreneurship at local level. The article consists of three sections. In the first section, the authors discuss the genesis of perceiving knowledge as a factor of socio-economic development. In the second part, the understanding of the concept of local development in the view of various economic theories is presented. Finally, section three provides an overview of international research and experience in the modelling of development based on knowledge and entrepreneurship.