LOCAL REGIMES: Does Globalization Challenge the "Growth Machine"?

ABSTRACT This article explores the possible impacts that globalization might have upon the nature of local governments and the economic development policies that they adopt. We begin by outlining the theory of how “corporate regimes” dominate most urban centers, why they implement skewed economic development policies, and why globalization appears to be exacerbating these problems. Research on state‐and‐local economic development outside urban centers indicates that several types of business development exist and that they differ significantly in their implications for improving conditions in a community. This suggests that other types of corporate regimes are possible. The logic of globalization points toward the need to establish more progressive corporate regimes willing to implement some of the reforms advocated by critics of the “growth machine.”