THE FORMATION AND IMPLEMENTATION OF INVESTMENT POLICIES OF A REGIONAL CLUSTER
A crucial step in the formation of investment policy of the cluster is to define a clear and attainable investment goals and objectives. The investment policy of the cluster is considered in context, the most important tool of economic development, as applied to old industrial region. Its specific features are developed in the previous years the industrial potential, high concentration of the investigated industries, the traditional industrial specialization of the region’s economy, the availability of industrial infrastructure and related features due to the specific characteristics of the population. The main objective of the investment policy of the cluster is to create optimal conditions for enhancing its investment potential in achieving the balance between strategic and tactical objectives of the cluster as a whole and its individual participants. Thus, the formation of an effective cluster policy involves the selection and coordination of strategic and tactical directions of its investment activity, by financial-economic state of the cluster and the strategic vector of its development. In this regard, the traditional stages of formation and implementation of investment policy clusters created in the format of old industrial regions of Russia, will have their specific cal features and characteristics. In this article the author has elaborated the basic theoretical and methodological principles of investment policy of the regional cluster, describes its specific features, the main stages of formation and implementation as the most significant tool of management of development of economy of old industrial region.