New Challenges and Opportunities for Regions and Smes in the Global Learning Economy

Nowadays, globalisation is driving us to a process of transformation in economic performance, in shaping institutions and in the definition of economic policy. Globalisation is associated to positive aspects but also to mayor risks. Technology development, markets integration and international trade bring along with and increasing flow of commerce in terms of goods and services, capitals, technology and knowledge that make it possible economic growth and a better quality of life for the population. It is beyond question that the knowledge based economy implies new challenges and opportunities for regions and enterprises, specially small and medium sized firms. However, there are important costs related mainly with the environment and social cohesion.