Advances in Economics and Business Vol. 4(5), pp. 245 - 249
DOI: 10.13189/aeb.2016.040504
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The Clustering Process in Latvia and Existing Problems


Elena Zaitseva *
Faculty of Regional Economy, Baltic International Academy, Latvia

ABSTRACT

Clustering in many countries contributes to the economic development of the states. But the clustering process, as well as its policy has its disadvantages which form the level of economic success of the state. Small EU countries, such as Latvia are particularly subjected to the negative subsequences of carried out economic reforms that makes more thoroughly to study the negative factors of clustering process.

KEYWORDS
Clustering Process, Development of the Economy, Economic Policy

Cite this paper
Elena Zaitseva . "The Clustering Process in Latvia and Existing Problems." Advances in Economics and Business 4.5 (2016) 245 - 249. doi: 10.13189/aeb.2016.040504.