Innovative Territorial Clusters as Instruments of Russian Regions Development in Global Economy

Innovative cluster initiatives are considered to be worldwide as one of the key instruments of economic growth and the index of global competitiveness. In the early 2000s, clusters started to evolve in Russia, but they haven’t been institutionally adopted, consequently that has the worst impact on the country's development and reduces their effect on the economic growth. The need in summarizing and systemizing of national and international experience has obviously arisen in order to build up innovative economics in Russian regions and to increase the economic-makers activity rate. The basic factors of the efficient economic development of innovative territorial clusters in Russian regions (for e.g., Novosibirsk Oblast) are dealt with in the article.