Role of SME Clusters in Bangladesh Economy

Art Human Open Acc J. 2018;2(3):163‒165

3 Pages Posted: 3 Oct 2018

Date Written: June 13, 2018

Abstract

Michael Porter, father of the industrial cluster concept defined cluster as a “geographic concentration of interconnected businesses and associated institutions in a particular field". In this definition, we are getting three criteria of an industrial cluster. These are (a) A geographic concentration, (b) A group of interconnected business, (c) In a particular field. Besides this fundamental definition industrial cluster could be defined based on common activities, single origin, size of the business, used technology, and focused market or target market etc. Many countries defined clusters based on different criteria for example “One village, one product” or “one town, one industry” concept is very popular in the east like Japan or China. India defined cluster based on a particular number of similar production units in a specific geographical location. The United Nations Industrial Development Organization (UNIDO) defines the industrial cluster as a "Geographic and economic concentration of manufacturing activities which produce and sell a domain of interrelated and complementary products and having common problems and opportunities”.

Keywords: Industrial Cluster, Cluster Development, SME Cluster, Clustering in Bangladesh

Suggested Citation

Abdin, Md. Joynal, Role of SME Clusters in Bangladesh Economy (June 13, 2018). Art Human Open Acc J. 2018;2(3):163‒165. Available at SSRN: https://ssrn.com/abstract=3247564

Md. Joynal Abdin (Contact Author)

DCCI Business Institute (DBI) ( email )

DCCI Building (11th Floor), 65-66 Motijheel C/A
Dhaka, 1000
Bangladesh

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