Each territory has characteristics that help to identify the positive and negative factors, from which we can identify possible opportunities and threats of development. Regions face enormous challenges of ensuring prosperity, sustainability, social inclusion, public health, and safety. It is in times of financial crisis especially, that traditional approaches fall short and innovative solutions for answering these challenges are needed. For this reason, the idea of transforming cities into ‘‘Smart cities or Smart regions’’ has gained much popularity among policymakers on both regional and urban development and professionals. The aim of this paper is also to present theoretical and practical aspects of Smart city and Smart region philosophy, in the selected regions in Czech Republic and Slovakia.
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