Jafarova V. — Lead Researcher of the Institute for Scientific Research of Economic Reforms of the Ministry of Economy of the Republic of Azerbaijan, 88a, H. Zardabi ave, Baku, Azerbaijan; +(994)518675548; firstname.lastname@example.org.
THE ROLE OF THE CLUSTER IN THE ECONOMY OF EASTERN EUROPE
Abstract. In modern conditions of global competition, the cluster approach is more efficient in the organization of international production. The cluster approach is a new technology that allows to increase the competitiveness of the sector, region and country’s economy as a whole. Structural and technological changes in the world economy lead to the structuring of the economy, increasing competitiveness and the transition to a cluster system. If the cluster policy of developed Western European countries is used as an experiment, then in Eastern European countries clusters are the basis of the economy. States that set up their own economies based on clusters are distinguished by the production of competitive products that have provided a high level of development. The integration of state, research institutes and specialists creates conditions for efficient use of the potential of the economies of the countries. Some states support the development of clusters by stimulating economic policy tools and investments, shaping the business environment. In Belarus, Ukraine, Hungary, Romania and Georgia, clusters are emerging in the fields of higher education, healthcare, as well as ICT, microbiology, virology, chemistry and pharmaceuticals.
Keywords: clusters, model, business, technopark, developing countries, ICT.
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