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New Development Vector of Irkutsk Region: The Economic Cluster of Agriculture for Pharmaceutical Industry

Journal: Business Education in the Knowledge Economy (Vol.2, No. 3)

Publication Date:

Authors : ;

Page : 53-55

Keywords : economy clustering; agriculture and pharmaceutical industry; state support for business;

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Abstract

Many regions of the country are bound to search for new possibility vectors in business development for tax base increase and new jobs creation. Various economic clusters operate in Russia such as industrial manufacture, agriculture and others. Each cluster has its own competition with numerous competitors. Moreover, different industries which are explicitly distinguished into economic clusters compete with each other for governmental support. Within this business framework it is required not only to discern perspective business niches but also to position the business in the structure of economics. Agricultural cluster for pharmaceutical industry is an instance for such positioning.

Last modified: 2017-10-07 23:27:55