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Theoretical and Applied Economics
No. 9 / 2012 (574)

Innovative clusters: a solution for the economic development of Romania

Mihaela-Cornelia DAN
Bucharest Academy of Economic Studies

Abstract. The Europe 2020 Strategy emphasizes the importance of the smart, sustainable and inclusive growth. The flagships of the strategy (digital agenda for the EU, innovation union, resource efficient Europe, industrial policy for the globalization agenda) are setting the frame for economic development. Innovative clusters are seen as a solution to the crisis, a tool for competitiveness and regional development. Given the economic situation of Romania we bring in discussion the potential of clusters in our country and the arguments and critics regarding their development.

Keywords: innovative cluster; competitiveness; economic development; Romania.

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