WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 19, 2022
Cluster: the Globalization of Economies
Authors: , ,
Abstract: Globalization generated advanced competitive schemes that forced human beings and companies to take new initiatives in order to face the new business models that are being developed. A new scheme, model or strategic tool is the Cluster, which helps companies, governments and the community in general to have an opportunity to compete at a global scale. This paper presents a theoretical-conceptual overview. It makes reference of the contributions that have been made to the cluster concept: The globalization of the economy has been consolidating over time and local regions accept it to mold new strategies for competitive development. The constitution of clusters is not a fashion, it is a local development trend, which seeks to penetrate globalized markets, but with the conviction that it cannot be achieved in "solitary", so that the "collectivity" of sectorial business efforts, becomes the alternative for the formation of the cluster and thus be able to effectively meet the exigencies of globalization. Therefore, this paper focuses on conceptual development around clusters and globalization, from different chronological views of development.
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Pages: 1576-1583
DOI: 10.37394/23207.2022.19.142