The Role of Sustainable Industry Clusters in Regional Competitiveness in Times of Crisis

Maxim V. Koshkarev and Asan A. Satmurzaev
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Maxim V. Koshkarev: Autonomous non-profit organization of higher education “Institute of Business Career”
Asan A. Satmurzaev: Turan University

Economic Consultant, 2025, issue 4, 39-54

Abstract: Introduction. The urgency stems from the need to increase regional stability, strengthen competitiveness, and improve the efficient utilization of resources amid the economic crisis.

The article analyzes the impact of sustainable industry clusters on regional competitiveness during the economic crisis.

Materials and methods. The study relied on scientific articles from highly ranked international journals and conference proceedings on the impact of clusters on regional sustainability. It also incorporated practical cases of successful cluster initiatives in times of crisis and an analysis of globalization tools that contribute to enhancing regional competitiveness.

Results. The article examines the problem of globalization of economic processes resulting from the activities of large economic entities—regions—in the process of integration into the world economy and international economic relations. The main directions and models of regional competitiveness formation, as well as the regional clusters that underpin economic globalization, are analyzed.

Conclusion. Globalization increases the need for regions to identify and develop their sustainable competitive advantages to mitigate economic instability and crises. Successful development depends on the clear identification of key competitive factors, including the development of industries that foster international competition and integration synergies.

Keywords: regional economy; integration; regional competitiveness; economic cluster (search for similar items in EconPapers)
JEL-codes: G01 P25 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ris:statec:021830

DOI: 10.46224/ecoc.2025.4.3

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