Industrial Clusters and Networking: Toward a Knowledge-Based Economy

Industrial Clusters and Networking: Toward a Knowledge-Based Economy

An industrial cluster may be defined as“a geographically proximate group of interconnected companies and associated institutions in a particular field [that are] linked by commonalities and complementarities. Clusters encompass an array of industries and other entities important to competition……including governmental and other institutions such as universities, standard-setting agencies, think tanks, vocational training providers, and trade associations (Porter, 1998).”