Abstract:
Economic enhancement through stimulating and managing the knowledge based flow is one of the main concerns of the globalized world. To restore regionalvitality, most countries have focused their policies on technological innovation. This study is focused in the role of the Technological Park as a crucial tool for regional development. The main aim of this study is to appraise the Technological Park impact on the Albanian Economy and to provide a detailed model for its location within the city of Tirana. First, an overview of Technological Park phenomenon is presented. Then, the actual scene of innovation progress in the Balkan Region is indicated. In order to define a Technological Park area, two main proposed plots for the construction of Technological Park are given. Therefore, a comparative analysis based on the Technological Park accessibility, physical infrastructure and proximity to the interest groups is used. Taking in consideration the results and discussions from the analysis, the best suitable area for the construction of Technological Park is provided. To conclude, creation of small technology-based firms, generation of new jobs, and the revitalization of the local economy are discussed.
