Cluster development as a factor to increase the investment attractiveness of the region

Abstract

Level of investment attractiveness of the region depends largely on the actions of regional authorities in the direction of a constructive dialogue with the business. There is a need to balance the interests of the state and business in order to increase the economic potential of the regions, the implementation of socio-economic interests of the population, attracting citizens to drive the development of its territory and the effective use of local resources, and as a consequence, increase the investment attractiveness of the regional economy. The article examines the socio- economic essence of clusters in the regional economy, offers ways of improving regional policies to encourage the creation of clusters in order to increase the investment attractiveness of the region.