The Formation And Development Of The Cluster System Of The Regional Economy


The article examines the role and importance of the cluster in regional development. It analyzes the advantages and disadvantages of the creation and functioning of clusters in the regions. At present, economists are faced with rather acute issues of ensuring high rates of sustainable growth and increasing competitiveness at all levels. The answer to these questions can be the creation and development of clusters, which, performing the functions of intersectoral complexes, are "points of growth" of the regional and national economy. Clusters contribute to overcoming structural constraints and a diversified structure of production. The authors of the article revealed the problem of using clusters as an important factor in the strategic development of domestic enterprises and territorial entities, outlined the theoretical foundations of the existence of territorial entities, showed their relationship with clusters. The article describes the process of emerging connections between cluster members within the territorial entity, it improves the classification of clusters based on innovativeness, and proposes recommendations regarding the regulatory support for the functioning of cluster entities. The main advantage of the cluster approach is the ability to identify missing links in the potential structure of a cluster, the replenishment of which will make it possible to form a full-fledged cluster scheme. It should be noted that a cluster can be created only with the participation of state authorities. The article concludes that cluster is a tool for the formation of sustainable development of the regional economy and increasing the competitiveness of regions.

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Publication Date

29 November 2021

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European Publisher



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1st Edition




Cultural development, technological development, socio-political transformations, globalization

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Yandarbaeva, L. A., Khagaeva, F. V., & Mazhiev, A. K. (2021). The Formation And Development Of The Cluster System Of The Regional Economy. In D. K. Bataev, S. A. Gapurov, A. D. Osmaev, V. K. Akaev, L. M. Idigova, M. R. Ovhadov, A. R. Salgiriev, & M. M. Betilmerzaeva (Eds.), Social and Cultural Transformations in The Context of Modern Globalism, vol 117. European Proceedings of Social and Behavioural Sciences (pp. 2624-2629). European Publisher.