"The shortcomings of traditional regional policies led to a major policy. Thus, regions have become more active in the design and implementation of policies, following a bottom-up approach, involving the participation of the local community in strategic planning, as opposed to the traditional...

The article deals with the problem of West European and Nordic countries small economies as well as ultra-small autonomous territories of Alands and Faeroes island's development. The latter are considered as the <<competitive sub-peripheries> areas due to the special industrial organization development, stimulated by the...</<competitive>