ROLE AND IMPORTANCE OF CLUSTER POLICY IN THE REGIONAL DEVELOPMENT IN BOSNIA AND HERZEGOVINA Cover Image

ULOGA I ZNAČAJ KLASTER POLITIKE U REGIONALNOM RAZVOJU U BOSNI I HERCEGOVINI
ROLE AND IMPORTANCE OF CLUSTER POLICY IN THE REGIONAL DEVELOPMENT IN BOSNIA AND HERZEGOVINA

Author(s): Mirjana Stojanović Trivanović, Tatjana Dragičević Radičević
Subject(s): National Economy, Financial Markets, Socio-Economic Research
Published by: Nezavisni univerzitet Banja Luka
Keywords: recession; regionalization; industrialization; cluster;

Summary/Abstract: Strong and long global economic recession requires from the national policy, to provide a complex structural reforms, aiming primarily creation of stable macroeconomic environment and strong competitive positions of the entities. In this regard, it is necessary to define a clear direction of industrialization, which would strengthen the weak economy. These directions are primarily: increase of demand, the creation of a stable economic environment, higher investment in research and innovation, strengthening the logistical support in regional markets and empowered industrialization. A synergistic effect, of the above mentioned factors, can be realized through a clearly defined strategy for competitiveness, which would result in a higher degree of regional harmonization. In this respect, the role of the cluster becomes highly significant. It has been confirmed, by the numerous research and papers, that clusters are seen as an important link in the regional industrial development, which allows a broad platform specialization, strengthening the value chain, as well as facilitating the access to innovation. Consequently, it is necessary to define such cluster policy at the national level which is harmonized with the regional level, and which enables accelerated process of industrialization and strengthening of competitiveness, having as result overcoming the recessionary trends.

  • Issue Year: 2016
  • Issue No: 13
  • Page Range: 143-150
  • Page Count: 8
  • Language: Serbian
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