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Regions, Globalization, and the Knowledge-Based Economy$
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John H. Dunning

Print publication date: 2002

Print ISBN-13: 9780199250011

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199250014.001.0001

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Towards a Theory of Regional Policy

Towards a Theory of Regional Policy

(p.409) 16 Towards a Theory of Regional Policy
Regions, Globalization, and the Knowledge-Based Economy

H. Peter Gray

John H. Dunning

Oxford University Press

Offers a theory of regional policy—or more accurately, a theory of policy, at various levels of governance, to deal with the allocation of resources and capabilities between and within subnational spatial areas, which, themselves, may vary considerably in size and function. The necessary building blocks for the theory of regional policy are outlined, and a model of subnational regional policy is presented, operationalized, and extended. Regional policy in a system of knowledge capitalism is discussed, and the dynamic aspects of competition among microregions are addressed.

Keywords:   knowledge‐based economy, market competition, models, regional policy, subnational policy, theory

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