2. Aleksandr V. Buga, Vadim S. Kudryash

Efficiency of Cluster Approach in development of Regional Economy

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Aleksandr V. Buga

Director General Of St. Petersburg institute of independent examination and assessment, Ph.D. in Economics

Ligovskiy Ave 10/118, office 4133, St. Petersburg, Russian Federation, 191036

Vadim S. Kudryashоv

Associate Professor at the Department of the North-West Institute of Management of the Russian Presidential Academy of National Economy and Public Administration under the President of the Russian Federation, PhD in Economics

Sredniy Ave 57/43, St. Petersburg, Russian Federation, 199178

Aim. To prove the need of regional development of branches of economy on the basis of the organization of cluster associations.
Goals. To analyze basic approaches to determination of the concept of “cluster”; to prove the need of separation of clusters as the most important instrument of business development.
Methodology. General methods of scientific knowledge are used in the research.
Results. Questions of economic entity of a cluster in the modern regional economy were studied. The main characteristics of modern clusters some of which can be considered as start premises when forming clusters in the region were considered. Its main objectives, tasks, the principles of creation and functioning were defined. The cluster is figured as one of the most effective ways of development of regional economy and the most important instrument of business in the modern world.

Keywords: cluster, region, modern economy, innovations, competitiveness, cluster policy

References

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