 Definition - Clusters of enterprises as a tool to foster SME development
Clustering defines a geographical and sector concentration of enterprises that can achieve economies of scale in production and drastically lower their transaction costs. Policymakers have identified industrial clusters as potential motors of economic growth and innovation
Features of SME cluster development in Italy
There are many types of SME clusters but common denominators defines the most dynamic SMEs’ systems and should be considered by policy makers
Reasons for SMEs bunching
SME clustering is common in a wide range of countries and sectors and there are several sound economic reasons explaining the phenomenon. The Italian industrial districts describes SME clusters that have reached high levels of growth and leadership in profitable niches of world markets.
The Italian Experience of Industrial Districts
The international interest in SME clusters has been fuelled by the experience of the so-called the “Third Italy” - From the international debate about the fast growth showed by the Northeast and Centre Italy have emerged the main attributes of the industrial districts.
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