Entrepreneurship, local development and the Green Region

Abstract

The current financial crisis coupled with the pressure on the environment create the

increasing need to deliver creative disruptions in the global economy if sustainable

development is to be achieved. For this to happen, a regional environmental management

system needs to be put together through the coordination of strategic local plans that may

result in branding whole regions as “green”. This would have significant benefits to the local

entreprises, especially if put in place through an entrepreneurial development action plan that

would create an “entrpreneurial ecology”. This system would capture the sustainability

potential offered by the dynamic interactions and innovation initiatives of market actors while

reducing the exogenous energy and material flows of the economic system, and addressing

efficiently the issue of sustainable consumption.