Cluster approach in innovation and investment entrepreneurial activity in free economic zones promoting

In Igor Britchenko & Yevheniia Polishchuk (eds.), Development of small and medium enterprises: the EU and east-partnership countries experience: collective monograph. pp. 117 - 129 (2018)
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In markets globalization and increasing competition context, governments of the world’s leading countries are forced to use complex organizational and economic instruments to support the countries’ economy. One of such instruments is creation of Free Economic Zones (FEZ) with favorable conditions for doing business. Over the last decade activation process of Free Economic Zones mechanism disposal for the economy of a particular country development has been possible to observe. If in 1995 there were approximately 500 zones in the world, now there are more than 4,300 zones in more than 130 countries which employ more than 68 thousand workers. In addition, global practice has shown that FEZ activities effective organization is efficient not only in giving impetus to the country’s economy development, but in bringing it into the world leaders as well.
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