Abstract
Today's economic climate is dominated by inter-firms networks, which have become powerful instruments for building economic capacity for regions to compete in the global market place. Industry clusters are recognised as playing a significant role both in regional economic development and in improvements to quality of life. The aim of this paper is to investigate this influence and to tackle the issues of de-localisation, decentralisation and cluster development as strategy for urban regeneration by comparing two clusters: Montebelluna and Timisoara. Clusters are a common reality in all economies and have traditionally been equated with cities. Across all European regions and cities there is a growing specialisation and concentration or clustering of industries in response to increasing competition and outsourcing as a result of economic reforms and globalisation. Industry clusters comprise groups of firms that share common suppliers, distributors and know-how and find advantage in a specific geographic location. Based on such insights, the paper suggests a theoretical proposal, supported by practical evidence.
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