Increasing the competitiveness of business and economy is a constant challenge for national governments and enterprises. Clustering is recognized as an effective tool for this purpose, as it contributes to improving productivity and innovation, creating a more favorable competitive environment for enterprises. Clustering is an important model for accelerating economic development. This is the process of concentration of a group of manufacturing or service enterprises, related business entities and organizations in a certain geographical area, their specialization and interaction, which creates synergy. This approach is becoming an important part of global economic integration and regional development. With globalization, economies have become more integrated and homogeneous structures, which has led to the strengthening of cluster approaches in regional development. In this context, the main objective of the article is to study the application of clustering in the global economy and its impact on economic development. The article analyzes the role of clusters in the economic development models of various countries, and assesses their impact in the context of microeconomics, macroeconomics and international economics. The study shows that cluster structures play an effective role in accelerating economic development in both developed and developing countries, promoting cooperation between business entities and accelerating the processes of innovation and technological development. This approach increases the relevance of the article.
Nigar Guliyeva (Sat,) studied this question.