Entrepreneurship, Social Capital, Governance and Regional Economic Development

In this paper, we discuss three factors of critical importance for regional economic develop-ment, namely entrepreneurship, social capital and governance. We conclude firstly that the relationships between regional entrepreneurship, regional social capital, regional governance and regional economic development are complex and interdependent. Secondly, to influence these factors and the relationship between them policy-makers must have a long-term per-spective and be both patient and persistent in their efforts. It is our hope that this paper pro-vides both a somewhat better understanding of the relationships between regional entrepre-neurship, regional social capital, regional governance and regional economic development and some help to national and regional policy-makers in formulating and implementing the proper long-term regional policies needed.