Social and economic development of regions based on cluster programs: European and Russian experience
Social and economic development of regions based on cluster programs: European and Russian experience

Summary/Abstract: The article considers the specific features of social and economic development of regions focused on a cluster-based approach. The authors points out the specificities of the domestic and foreign economic reform experience and the role of the cluster-based programs in strategic development. The paper provides the results of the comparative analysis of organizations and instruments for clusters’ financial support through the example of the European Union member countries. In Russia the formation of a cluster-based policy is still being at the stage of its development. It is necessary to create a regulatory framework, organizational mechanisms and means for financial support of cluster initiatives of regions. The authors reveal the basic problems of the implementation of the cluster-based programs’ financial instruments in Russia and provide a number of recommendations for the Russian regions’ innovative development.

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