Proceedings of the 5th Economic & Finance Conference, Miami

EU REGIONAL AND CLUSTER POLICIES WITHIN THEIR SYNERGIC EFFECTS

MARCEL KORDOS, SERGEJ VOJTOVIC

Abstract:

EU Regional policy appears to be one of the most important current programs and agenda at EU level which support clusters in emerging industries in EU. Based on the comparative analysis of European cluster policy and EU Regional policy mutual interaction the object of the paper is to assess the impact of the EU Cluster policy effects on the EU Regional policy regarding the EU competitiveness enhancement in the international economics system. Technological advance, knowledge based production, innovation implemented into new technologies are the outputs of effective synergy how the EU cluster policy can be involved in the EU Regional policy. Those are the tools leading to increasing economic growth, sustainable social and economic development and higher quality of life of European Communities inhabitants. The EU position analysis in international economic relations will also be the object of study with regards to its competitiveness enhancement possibilities within the global economic environment while using the latest science and technology achievements as a synergic output of the EU Regional and Cluster policy interaction.

Keywords: social and economic development, technology and innovation, international economics, EU competitiveness enhancement

DOI: 10.20472/EFC.2016.005.011

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