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Local and Regional Economic Development in Britain

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The British Growth Crisis

Abstract

Over the past couple of decades, the local and regional scales of politicaleconomic organisation have gained a renewed prominence set against a backdrop of economic globalisation and state restructuring (Storper, 1997). Variously characterised as a ‘new regionalism’ or ‘new localism’ (Lovering, 1999), prevailing approaches to sub-national economic development regard the institutional capacity to foster bottom-up forms of growth based upon the harnessing of local skills and resources as a crucial source of competitiveness in an increasingly globalised economy (Bristow, 2010). Devolution has been identified as a key ‘global trend’, as a range of governments across the world have transferred power to regional institutions as a means of promoting political decentralisation and recognising distinct territorial identities, in addition to the promotion of economic development (Rodriguez-Pose and Sandall, 2008).

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© 2015 Danny MacKinnon, Andrew Cumbers and David Featherstone

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MacKinnon, D., Cumbers, A., Featherstone, D. (2015). Local and Regional Economic Development in Britain. In: Green, J., Hay, C., Taylor-Gooby, P. (eds) The British Growth Crisis. Building a Sustainable Political Recovery: SPERI Research & Policy. Palgrave Macmillan, London. https://doi.org/10.1057/9781137441522_9

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