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The Role of Networking in the New Political Economy of Regional Development

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  • Bob Morgan
  • David Brooksbank
  • Michael Connolly

Abstract

During the last 25 years there have been some fundamental changes to the international political economy. The decline of Fordism, globalization and technical innovations have altered the ways in which firms operate and interact with each other and other economic agents. Corporate strategy and organization and public policy have all been affected. Of particular relevance has been the development of a new form of governance viz. networking. Although often seen as a new phenomenon, it has in fact a long history going all the way back to Marshall. What is new however, are attempts by development agencies to capture the advantages presented by these externalities as a deliberate objective of regional development policy. This paper examines the case of Wales in some detail and concludes that although such a policy does work with the grain of modern political economy, it is only really scratching the surface of the problem and in fact contains an inherent contradiction in terms of market behaviour.

Suggested Citation

  • Bob Morgan & David Brooksbank & Michael Connolly, 2000. "The Role of Networking in the New Political Economy of Regional Development," European Planning Studies, Taylor & Francis Journals, vol. 8(3), pages 319-336, June.
    • Handle: RePEc:taf:eurpls:v:8:y:2000:i:3:p:319-336
    DOI: 10.1080/713666409
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    References listed on IDEAS

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    1. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
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    Cited by:

    1. Fredrik von Malmborg, 2004. "Networking for knowledge transfer: towards an understanding of local authority roles in regional industrial ecosystem management," Business Strategy and the Environment, Wiley Blackwell, vol. 13(5), pages 334-346, September.
    2. David Gibbs, 2003. "Trust and Networking in Inter-firm Relations: the Case of Eco-industrial Development," Local Economy, London South Bank University, vol. 18(3), pages 222-236, August.
    3. Gál, Zoltán, 2002. "Innovation network building in the Hungarian region of South Transdanubia," ERSA conference papers ersa02p485, European Regional Science Association.

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