New frameworks for cluster development
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Date
2012
Authors
Nadia Jahangir Seth
Sami Ullah Bajwa
Muhammad Asif
Shahzad Khuram
Journal Title
Journal ISSN
Volume Title
Publisher
Small and Medium Enterprises Development Authority(SMEDA)
Abstract
Common Facility Center (CFC) is a broadly used term in economic development
agencies, to describe infrastructure based projects for development of clusters
and small and medium enterprises, but does not have a precise definition in
literature. CFC term is sometimes used as an alternative to infrastructure
projects – which in both economic and business literature is different than the
concept of common facility center – cluster initiatives, hard interventions and
physical projects etc. Because of this fuzzy use of the term, no evaluation
framework could have been developed so far which has made it rather difficult
for policy makers to evaluate effectiveness of CFCs for economic development.
To address this issue, this article undergoes the archives of SME development
approaches and initiatives to propose a definition and evaluation framework for
Common Facility Centers.
Description
Keywords
Cluster Development