European Regional Competitiveness Scoreboard
The European regional competitiveness scoreboard offers a powerful tool for analyzing a region’s competitive position and its position in global economic networks using a visualization of actual regional data. It determines the competitors of firms in regions, the position of these firms in interregional and international trade, and positions regions vis-à-vis their competitors. The purpose of this tool is to carefully analyze a region’s economic position such that a regional economic development strategy can be built on a sound analysis of regional assets and technology. It thereby enables (regional) policy makers to use this information to develop an evidence-based scientific regional smart specialization strategy. The tool makes use of the newest data visualization technology to present all different aspects of interregional competitiveness. The use of the tool is largely intuitively although there is a report on the regional competitiveness scoreboard with examples of how to use the tool available in Dutch and in English.