What is meant by the regional concept of a cluster? What are strengths and weaknesses of regional economic policy based upon creation and development of clusters?

Essay from the year 2002 in the subject Economics - Micro-economics, grade: 16 of 20, University of St Andrews (Economics Department), course: Regional Economics, language: English, abstract: Clusters can be motors for regions. They are supposed to reduce unemployment, ensure growth and wealth. This essay will discuss the question critically whether regional economic policy is able to create and e...