The Wealth of Regions: Market Forces and Policy Imperatives in Local and Global Context


In this paper, we attempt to re-state the problem of regional industrial development and policy by means of a four-part inquiry into the origins, characteristics, and predicaments of advanced regional economies in contemporary capitalism. For present purposes, regions may be defined roughly by the limits of daily commuting systems — thus they are constituted by places such as Southern California, the New York Metropolitan region, the Ile-de-France, Greater London, the San Francisco Bay Area, and so on.