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the offers in local markets are expanding, 
the level of competitiveness of various spheres of economic activity in 
depressed regions significantly increases; 
the possibility of a targeted reorientation of unprofitable enterprises in the 
region. 

3. Advantages 
and opportunities 
for public 
authorities 

identification of problems of the region's economy; 
access to statistical and analytical information; 
creation of effective mechanisms for interaction between the state and 
business; 
strengthening of the effect of the multiplier effect in the region, where the 
positive impact of the cluster on the competitive environment of the area is; 
the embodiment of the science and education achievements in real 
production; 
gradual integration of the region into the global economic system of the 
country; 
strengthening of the independence of the region from the economic situation 
beyond its borders; 
stimulating of the development of small and medium-sized businesses in the 
region; 
the growth of allocations to budgets of various levels. 

4. Opportunities 
for innovation 
development 

improvement of the effectiveness of interaction between the private sector, 
local authorities, business associations, research and educational institutions 
in the innovation process; 
reduction in the costs of innovation; 
the development of innovative capacity through the diffusion of innovation 
to all cluster enterprises. 

5. Possibilities for 
obtaining positive 
effects of cluster 
development 

scale effect, coverage; 
synergetic effect arising on the basis of universal standardization of products 
and increase in the efficiency of cluster participants as a result of their 
integration. 

 

Ensuring effective and efficient development of clusters acts as a management 

tool only under the condition of a cluster policy based on clear and scientifically based 
principles.   

Modern cluster policy is recommended to define as a system vision, a mechanism 

for supporting the state and regions, clusters and cluster initiatives, in general 
understanding, ensure the development of territories in the processes of movement 
towards the future formats of the information economy.  

In modern tools of state and regional management cluster policy has become one 

of the most common types of socio-economic system. The uniqueness of cluster policy 
lies in its ability to softly regulate economic activity, stimulate life processes and social 
development. In Ukraine, the potential of cluster policy, as a modern management tool 
meeting the needs of the information economy, is not fully used.  

We recommend the potential of cluster policy be considered from the standpoint 

of attracting the system of modern knowledge of regional management: 

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