A concentration of industries and economic activities in a specific location, designed to stimulate economic development in the surrounding region. These hubs are characterized by innovation, agglomeration, and strong linkages between different sectors. An example is the concentration of technology companies in Silicon Valley, which has fostered development in the surrounding area through job creation and investment.
These strategic areas are important for several reasons. They can drive innovation, attract investment, and create jobs, contributing to regional economic growth. Historically, governments have used this concept as a tool for spatial planning and regional development, aiming to reduce disparities and promote balanced growth across different areas.
