Clustering as a Basis for an Innovative Development Strategy
European Research Studies Journal, Volume XXI, Issue 4, 818-830, 2018
This paper considers the cluster approach as a basis for the innovative development strategy of Russia’s regions and gives an overview of foreign experience in implementing cluster policy for regional development in modern market conditions. We compare clusters models depending on their belonging to different industries, identify factors and tools for cluster formation and give an assessment of their impact on regional innovative development. The study gives recommendations for determining the performance of innovative clusters in regional strategic development.