CLUSTERING AND KNOWLEDGE BASED ECONOMY

Abstract

The main aim of the paper is to identify education quality focused on the need to make profound connection with the business environment with the goal of employability of graduates. The findings suggest that flow of ideas and information with focus on knowledge within the cluster serves as a powerful force for potential change in educational systems where links between practice and theory are firmly grounded and applied as the means to develop appropriate teaching and pedagogical strategies to meet the student’s needs.