This book describes the importance of integration and clustering in creating sustainable
economic growth. Modern economic conditions demonstrate the need for governmental stimulation
of cluster initiatives in entrepreneurship and make it necessary to study the experience of
developed countries in the sphere of stimulation of cluster initiatives in entrepreneurship
and to offer recommendations for improving the system of state stimulation of these
initiatives. The authors conclude that at present innovational economy is an economic system
that functions on the basis of business networks as this model offers innovational cooperation
between specialists from various scientific and technical spheres between organizations of
various sizes (large medium and small) and between groups of various types of companies.
Cluster strategy in modern global practice is one of the most important tools of public policy
for increasing the competitiveness of national economies. This means that the most competitive
spheres develop on the basis of the cluster principle and support for cluster building
increases a country's economic competitiveness.
