The Clustering of the Regional Economy in the Conditions of Decentralization

Abstract

The article researches the role of clusters in the conditions of decentralization of the socio-economic system of Ukraine. The cluster organization of the regional economy is an important sign of their innovative development and a condition of creation of the socio-economic system of a new level which would correspond to the current conditions. The regional clusters are able to act as efficient mechanisms capable of providing significant synergies through the integrated use of resources (material, labor, financial, information, etc.) of a certain territory. The cluster model becomes particularly important in the formation of the organizational and economic mechanism for strategic management of the regional development in the context of decentralization. Thus, the main purpose of the article is to research the influence of decentralization processes on the efficiency of functioning of clusters and the socio-economic development of regions of Ukraine.

Keywords

• cluster
• decentralization of management
• synergy
• competitiveness
• regional socio-economic system
• the State regulation of regional development