- Definition: A network-based approach in the industrial development process through organizing a collection of small industrial enterprises with declining productive and service yields in specific chain-linked fields and orientations – in defined special areas – industrial parks and hubs – by connecting them to larger domestic and foreign industries and external markets on one hand; and constructive communication between research-academic units with industrial units on the other hand, relying on established social capital in different geographical areas.
The Principle of Clustering for Growing Industries
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- Definition: A network-based approach in the industrial development process through organizing a collection of small industrial enterprises with declining productive and service yields in specific chain-linked fields and orientations – in defined special areas – industrial parks and hubs – by connecting them to larger domestic and foreign industries and external markets on one hand; and constructive communication between research-academic units with industrial units on the other hand, relying on established social capital in different geographical areas.
- Objectives:
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- To compensate for the limited role of small and medium-sized industries (SMEs) in industrial value-added.
- To create a ground for the growth of SMEs.
- To increase the productivity of SMEs.
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