| Abstract: | We propose proactive policies which allow state and local governments to participate in the global economy, offering opportunities and venues for effective development. We first develop the argument that the changing economic conditions associated with globalization call for a new approach to state‐local economic development policy. We then outline three assumptions which are critical to drive successful state and local economic development policy in a global environment. The major part of the analysis describes this new strategy of “regional cluster‐based economic development,” drawing extensively upon a case study of Cleveland's economic revitalization. |
