Using Clusters for Innovative Economic Development: Russian and Foreign Experience

Abstract

The study examines regional problems in the formation and modernization of cluster-based economic systems, exemplified by Russian and foreign experience. Aim. This study aims to analyze cluster functioning practices in Russia and foreign countries for the purposes of facilitating further research when forming regional cluster systems. Tasks. The authors will determine positive system approaches to the formation of efficient innovative cluster systems by examining best practices in the formation and functioning of innovative clusters. Methods. The study is based on the following methodological principles: •• systems approach to the examination of regional economic development; •• practical implementability of the results of the study; •• consideration of specific regional aspects. Methods of economic, functional, structural, and statistical analysis and expert assessment are also used. Results. The study materials have applied significance and can be used to develop an organizational and economic mechanism for forming regional innovative clusters. The lack of methodology problem for assessment cluster development is updated. The results of the analysis can be used in developing a methodology to form innovative clusters, to assess cluster development, and to consider the effects of cluster interaction. Conclusion. Under current conditions, the modernization of economic systems for the formation of innovative clusters is the most important and the efficient direction for structural reforms, both at federal and regional levels.