The modernization of the economy of a poorly developed region through the construction of the Knowledge-Based Economy on the example of the Lublin Region in Eastern Poland (2006-2020/30)

Abstract

One of the primary objectives of economic policy of regional governments is to stimulate the development of the region and to overcome its development backwardness. In modern times this task is extremely difficult because of the development conditions shaped by globalization and the associated race of states and regions for the greatest innovativeness and competitiveness. A recipe for the economic development of the regions in the modern world is to build an innovative and competitive regional knowledge-based economy. The "new economy" is a great chance for underdeveloped regions, because it can compensate their natural development limitations connected, among others, with the unfavourable location, the lack of developed industry and a poor resource base. The goal of the author of the study is to present the priorities of modern development policy of an underdeveloped region, the authorities of which have decided to choose a path of development involving the construction of the regional knowledge-based economy, on the example of the region of Lublin in Poland, which is one of underdeveloped European regions.