Clusterization as the most promoting factor of regional development

Gediminas Mačys

Abstract


Industry clusters have become the most effective factor of economic development policy in many regions of EU. Even the most diversified regions are home to industries that, because of historical accident, targeted recruitment, or other local peculiarities, are found in higher concentrations than in other places. Why are some regions better able to develop and support innovative and competitive clusters and become more prosperous than other? What potential do cluster-based strategies hold for less favored regions than have had less success in attracting and keeping good jobs and talented people? Are there ways that these regions can find the assets to rejuvenate existing clusters or build foundations for new ones thus improving their economies? The answers are summarized in the paper.

Keywords


cluster; region; development

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"Public Policy and Administration" ISSN online 2029-2872 / ISSN print 1648-2603