Abstract
Policy for forming industrial clusters — industrial cluster policy — plays an important role in the development of any region in East Asia. Such policy is followed not only in Japan by the Ministry of Economy, Trade and Industry but also in most countries in the area, such as Malaysia and Singapore. Silicon Valley in the USA and Bangalore in India are well-known success stories of development in information technology. Agglomeration theory and cluster theory explain that an industrial cluster is effective in generating external economies and reducing transportation costs. But we need to be clear about what the required conditions are for forming a cluster, particularly when we are discussing the growth strategy for developing countries.
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