Page 247 - Theoretical and Practical Interpretation of Investment Attractiveness

Appendix 3

Clusters

Increases the productivity of firms and Creates conditions for innovation Encourages and facilitates the formation of
industries and production growth new businesses that support innovation and
cluster expansion

Creates channels for effective Superior skills in developing high-
collaboration of potential new growth businesses and working

Competition creates more efficient resources for innovation with venture capital
specialization within the cluster Allows identification and Communication and channels

More demanding consumers will forecasting of technological within the cluster help to create
appear. A higher degree of trends complementary skills,

specialization in production Creates a favorable environment technologies, subsidies
provides economies of scale that creates a combination of Support for the creation of new

Provides access to technologies, skills (abilities) that did not exist participants will appear
suppliers, skilled workforce, before Strengthening of social and other

information, business services Creates favorable conditions for informal connections, helps to
A high level of expertise improves risk distribution generate new ideas and businesses
the logistics chain and helps the Improved information flows within
cluster to improve the cluster
development can improve
Cluster
the infrastructure of professional,

financial and other services

Advantages of clusters 196

196 Compiled by the author

244