Abstract
Regional development is driven by many factors, among them are clusters. The role of cluster initiatives in economic and social development is becoming increasingly important. High levels of unemployment and emigration of qualified workforce are severe problems that less developed regions are facing. Therefore various cluster initiatives could be a panacea. Clusters stimulate innovations and contribute to the increase of competitiveness of local economy and individual businesses. Moreover, clusters encourage foreign capital investments. Foreign direct investments are one of the most important factors stimulating economic growth and are crucial to reduction of unemployment.
In this paper the authors present the concept and essence of clusters, the concept of foreign direct investments and Polish experiences in attracting foreign capital, and finally the authors attempt to explain the influence of FDI on the labor market.
