The Importance of Clusters for the Development of New Industries

Cristina Porumboiu

Romanian Economic Journal, 2021, vol. 24, issue 80, 70-80

Abstract: This paper aims to present how new industries have emerged taking advantage of related businesses crowded in specific areas - first, through a review of the current literature on the evolution of industries within clusters; second, through a case study that disseminates the theoretical findings. Undoubtedly, as the findings of previous studies have shown, new industries are increasingly important to the world economy due to their technological power of modernization. Because their potential is as great as their uncertain outlook, it is no surprise that these new industries are growing within clusters, already confirmed in the literature as drivers of competitiveness and economic development.

Keywords: clusters; competitive advantage; emerging industries; business networks; life sciences (search for similar items in EconPapers)
JEL-codes: L52 O3 O32 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.rejournal.eu/sites/rejournal.versatech. ... /3653/yporumboiu.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:24:y:2021:i:80:p:70-80

Access Statistics for this article

Romanian Economic Journal is currently edited by Ioan Popa, PhD

More articles in Romanian Economic Journal from Department of International Business and Economics from the Academy of Economic Studies Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Radu Lupu ().