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Competitiveness, Growth through Innovation and Economic Development

This paper reviews differences between countries in innovation, entrepreneurship, economic development and competitiveness levels. For this examples of the Baltic Sea region countries and China are used. With the introduction of Lisbon agenda and also long before that the European Union has tried to raise attention of the need to base economic development on innovation to catch up with USA and Asia with its fast rising industrial power. While areas as North Eastern Europe and Peoples Republic of China have vast differences and geographical distance, and their cooperation is interesting primaily for exploiting these differences with industrial production being located in China, but innovation, marketing and management in the Baltic sea region.