The Resurgence of Regional Economies, Ten Years Later: The Region as a Nexus of Untraded Interdependencies

Abstract

Since the early 1980s, social scientists have increas ingly focused upon the significance of the region to the organization of economic life. This article considers three main lines of analysis which have emerged. These concentrate respectively on insti tutions, industrial organization and transactions, and technological change and learning. Each has made strong claims about the role of the region. I argue here, however, that none has yet developed a wholly convincing explanation for the resurgence of regional economies. To do this it is necessary to understand the region as a locus of untraded interdependencies. This has implications for how we think about regional and industrial policies. I illustrate these points with some remarks on regional policies in contemporary Europe. © 1995, Sage Publications. All rights reserved.