A cluster is a geographic concentration of interconnected businesses, suppliers, and associated institutions in a particular field. Clusters increase the productivity of participating firms and drive innovation forward.
Cluster, also known as a business cluster, competitive cluster, or Porterian cluster, was introduced and the term cluster popularized by Michael Porter.
The financial services sector is experiencing a period of instability as forces of change with respect to globalization, regulatory changes, consolidations, and advances in technology change the entire context of financial services throughout the world.
Like London, but unlike most major U.S. cities, Toronto offers schools that work, low crime, and safe streets. Unlike London — or New York, Los Angeles, and San Francisco — Toronto also remains reasonably affordable, which allows it to retain residents from a wide mix of social and economic classes.
The End Thank you sources: Who’s Your City?: How the Creative Economy Is Making Where to Live the Most Important Decision of Your Life by Richard Florida http://www.berr.gov.uk/files/file21312.pdf http://www.omicc.ca/benefits-2.html http://www.toronto.ca/invest-in-toronto/clusteroverview.htm