@article{2017,title={REGIONAL ECONOMIC TENDENCIES OF BUSINESS CLUSTER DEVELOPMENT},abstractNode={The clusters and clustering concept has rapidly attracted governments, consultants, and academics’ attention around the world since it was first suggested in 1990 by Michael Porter. He describes business clusters as “geographic concentrations of interconnected companies, specialized suppliers, service providers, and associated institutions in a particular field that are present in a nation or region”. Many governments and industry organizations from different countries have recently turned to clustering as a means to stimulate their urban and regional economic growth. Consequently, a large number of cluster initiative organizations were started during the 1990s, and the trend continues (Regional futures research report, 2004: 4; wikipedia.org) and it seems that this trend will continue in the future. There is a close relationship between competitiveness of a nation or region’s economy and existing clusters in this region. Akgüngör (2004:70) explains the implicit idea behind the clustering as such: “competitive advantage lies outside the boundaries of firms and that interactions across the firms and institutions affect the region’s economic performance through diffusion of technology, transfer of innovation, skills and knowledge”. In this paper, the researcher accumulates some significant examples of clusters in the world. So that he highlighted the importance of clustering as a new pragmatic approach to economic development.},author={Selçuk KARAYEL},year={2017},journal={The Journal of Academic Social Science}}