ASSESSMENT OF THE IMPACT OF GLOBALIZATION ON THE REGIONAL DEVELOPMENT OF INNOVATION CLUSTER

• Published in: AD ALTA: Journal of Interdisciplinary Research Vol. 14; no. 1; pp. 162 - 166
• Main Authors: HERMAN, LIUDMYLA, FEDIRKO, OLEKSANDR, KOSTYK, YEVHENII, SHKODA, MARIANA, SOKHAN, INNA
• Format: Journal Article
• Language: English
• Published: 31.01.2024
• ISSN: 1804-7890; 2464-6733
• DOI: 10.33543/140139162166

The article delves into the complex dynamics of innovation clusters moving through the complex landscape of global trends and challenges inherent in the comprehensive process of globalization. The multifaceted influence of global factors on the evolution of innovation clusters within the framework of the modern economic situation is also meticulously studied. In the course of the analysis, a special emphasis has been placed on a detailed examination of the challenges arising as a result of the current processes of globalization and the rapid development of innovative technologies. The present research identifies the key role played by innovation clusters as integral components of regional development and essential contributors to the tangled web of global production chains. One of the most important findings is the reconciliation of local and global interests in the circumstances surrounding the establishment and operation of innovation clusters. It has also been determined that globalization is a stimulus for innovative development and the emergence of new challenges to ensure the sustainable competitiveness of regional clusters in the global economic environment has been substantiated. It is noted that countries where innovation clusters demonstrate successful integration into global production chains actively use the advantages of globalization to develop their regional innovation systems. The primary purpose of the analysis was to determine the factors contributing to the successful integration of clusters into global processes. These factors include effective cluster management, the development of a flexible innovation strategy, and the ability to adapt to changes in the global economic environment. The role of innovation management in the context of globalization is considered separately, in particular, the need for constant monitoring and analysis of global innovation trends.