Cluster Development as a Factor to Increase the Investment Attractiveness of the Region

Abstract

Level of investment attractiveness of the region depends largely on the actions of regional authorities in the direction of a constructive dialogue with the business. There is a need to balance the interests of the state and business in order to increase the economic potential of the regions, the implementation of socio-economic interests of the population, attracting citizens to drive the development of its territory and the effective use of local resources, and as a consequence, increase the investment attractiveness of the regional economy. The article examines the socio- economic essence of clusters in the regional economy, offers ways of improving regional policies to encourage the creation of clusters in order to increase the investment attractiveness of the region.

DOI: 10.5901/mjss.2015.v6n5s2p358