Research Information System
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.112-117
Clusters are crucial in the development of the economy and in the transition of the country's innovative development. In practice, the cluster approaches are implemented through the cluster policy. Cluster policy involves the adoption of relevant programs and strategies for the development of individual clusters (cluster initiative), as well as the formation of an instrumental database (cluster technology) for the implementation of these programs and strategies. The article summarizes the main characteristics of the cluster, such as the object of economic analysis, the cluster policy and the features of its formation. Cluster policy models are analyzed comparatively.