Development strategies for the European Union: internationalization processes, innovation potential, knowledge economy, high technology sector, networking

Abstract

Internationalization and development of new forms of economic, social and technological headway designed to create and further improve economies based on knowledge and high technologies sector in the European Union are analyzed here. The main emphasis is put on strategic decisions in the area of economic and technological internationalization, knowledge economy and high technologies sectors creation and further modernization as well as creation of scientific and technological progress oriented networks of clusters. High technology sectors development and clusterization oriented towards the in-crease of efficiency of various national and regional economies is a critical precondition for successful creation of modern economy based on knowledge, both in the whole space of the European Union and particular countries. A concept of creation of regional and cross-regional clusters and their networks also known as “economic oazes” is suggested here. The idea of international clusterization generally oriented towards creation and promotion of high technologies is given. Some typical factors of the economic, technological and social development of the European Union are being described here, and it is subsequently proved that these factors reflect on the common context of creation of the knowledge based economies.