CLUSTERS- SOURCES OF ECONOMIC GROWTH IN EUROPE

Constantin Bordei
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Constantin Bordei: Doctoral School of Economics and Business Administration, „Al.I.Cuza” University, Iasi

SEA - Practical Application of Science, 2016, issue 10, 141-148

Abstract: Global competition has evolved from the competition between companies to the competition between regions. In this context, clusters play an important role as competences’ concentration poles. The cluster initiatives represent concentrated efforts to increase the wealth and competitiveness in a certain region including companies, local administration, research and training institutions. This paper proposes the analysis of the European clusters’ role in ensuring the regional development. Resulted conclusions emphasize both the positive results of clusters’ existence, as well as the fields where improvements can be made in order to increase the clusters’ impact on the economic development.

Keywords: Clusters; Development; Growth; Competitiveness (search for similar items in EconPapers)
JEL-codes: F10 O10 O40 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2016:i:10:p:141-148

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