CLUSTERS, CONVERGENCE AND ADVANTAGES FOR SMES

According to classical definitions, clusters are geographic concentrations of interrelated companies, various suppliers, connected public and private institutions, universities and associations, which are working in a specific field. Nowadays, the business environment became more dynamic and complex. All over the world, there are many firms adopting a cooperative entrepreneurship strategy aiming to attain sustainable development. Cluster initiatives and innovative networks have gained a higher importance in the economic development of the European Union. The main goal of this paper is to analyse the experience of the Romanian and Greek initiatives in developing clusters and cooperation. This study aims to review the literature regarding clusters and their influence on the productivity and competitiveness of the small and medium-sized enterprises, as well as the importance of clusters for the economic development.