The role, evolution and development of clusters in modern economies
Clusters are formed by firms in related industrial sectors concentrated in a certain geographical area, gaining competitive advantage through proximity, having specialized supplier and buyer (marketing) advantages due to their location, and supported by physical facilities, education and research opportunities. With the transition from mass production systems to flexible production systems, clusters have become the most important research area in regional development theories. Clusters mostly; includes end product or service companies, specialized input, intermediate machinery suppliers, and service and financial institutions and firms in related industries. However, it also includes units that provide specialized education, conduct knowledge and research, provide technical support (such as universities, think tanks, vocational training providers) and set standards. In the modern world where global competition is intensifying, clusters are emerging as an attractive element of competition. This article attempts to clarify the characteristics of successful cluster examples, taking into account the historical development of clustering. It also seeks to answer the question of whether clusters can be evaluated as an economic and regional development strategy in the long term. The main purpose of the article is to provide detailed information about the role and benefits of clusters in the economy and industry, to explain the development stages and economic impacts of clusters. There are various theoretical approaches to studying clusters, and some of these approaches are analyzed and reviewed in this article. The creation and development of clusters supports the growth of the economy and industry. In general, the development of clusters has a positive impact not only on direct economic outcomes, but also on areas such as education, innovation and social well-being. This makes the future economy more competitive, innovative and sustainable, while at the same time creating a more stable social and economic environment.
Authors
- Nigar Guliyeva
Institutions
- Institute of Economics (CN)
Publication Details
- Journal
- Science Technologies Innovation
- Published
- 2025-01-01
- DOI
- https://doi.org/10.35668/2520-6524-2025-1-04
- Primary Topic
- Regional Development and Policy
- Type
- article
- Field-Weighted Citation Impact
- 0.00