| Clusters can be defined as sectoral and
geographical concentration of enterprises, in particular Small
and Medium Enterprises (SME), faced with common opportunities
and threats which can:
a. Give rise to external economies (e.g. specialised
suppliers of raw materials, components and machinery; sector
specific skills etc.);
b. Favour the emergence of specialized technical,
administrative and financial services;
c. Create a conducive ground for the development of
inter-firm cooperation and specialization as well as of
cooperation among public and private local institutions to
promote local production, innovation and collective learning.
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