A concentration of industries with strong connections triggers economic development in a specific region. This development then radiates outwards, stimulating growth in the surrounding area. This concept involves a location with a high concentration of technically advanced and innovative industries that act as a catalyst for regional economic expansion. For example, a high-tech industrial park could become a focus that brings in more businesses, raises incomes, and stimulates other sectors.
The significance of this concept lies in its potential to address regional disparities and foster balanced economic development. By strategically establishing these centers, policymakers aim to spur innovation, attract investment, and create employment opportunities, thereby improving the overall prosperity of a region. Historically, this strategy has been implemented in various regions to revitalize economies and promote sustainable growth.