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In this work the importance of clusters for the particular case of SMEs is analyzed, in its road toward knowledgebased and globalize economies.In short the influence that globalization has about the local economies is studied, as well as the importance of the geographical concentration of the companies in order to increase their competitiveness.Among the obtained conclusions it highlights the fact that in these concentrations true communities of knowledge can settle down, where new knowledge is generated and exchanged, at the same time that innovation is empowered, and their competitive advantage is increased.Finally, the particular case of the Valencia Textile Cluster (Spain) is studied, in order to validate the theoretical part of the article.
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