Finnish experience of economic clustering and possibilities of its use in Latvia
2006
Boronenko, V.
This article analyzes the experience of economic clustering of Finnish industry. This experience is described in the report of the fundamental investigation which was carried out by the Research Institute of the Finnish Economy (ETLA) - Advantage Finland - The Future of the Finnish industries. The study deals with the competitiveness and future growth prospects of the Finnish industry on the basis of Michael E. Porter's theory of the competitive advantage of nations. The comparative advantage of Finnish industries has been moving from capital-and resource-intensive branches to those driven by know-how and technology. The author recommends to study this experience and to use it in Latvia. The finding of the real and potential business-groups in the economy of Latvia may be realized with the algorithm of clustering described by the professor of Colombian University (USA) David Stark on the base of Lursoft data of the Latvian enterprises.
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