Recent circumstances have impaired Europe’s competitiveness and revived the need to urgently address a myriad of issues. The catalog of available approaches and tools to boost EU’s competitiveness and rejuvenate the economy appears ample. Cluster policies are designed to serve that purpose. With clusters and cluster organizations (concepts built around the notion of cooperative competition) as their focal point they seek to strengthen the economy. But a question arises: can clusters and cluster organizations be entrusted with a role of drivers of productivity and prosperity? The seminar will discuss the dynamics of member states’ competitiveness and tackle the question whether clusters, cluster organizations and cluster policies are the panacea for tackling some of EU’s economic concerns.