Local Enterprises in the Global Economy—Issues of Governance and Upgrading Hubert Schmitz (ed.) Cheltenham: Edward Elgar, 2004. ISBN 1-84376-099-1, 392 pp. Price: £65 (hardback)

Abstract

Over the last few years, a growing body of literature has evolved that tackles the question of uneven economic development—which has been on the research agenda for a long time—from a novel and promising angle. Informed by the established concepts of global commodity chains on the one hand and regional systems of innovation and local clusters on the other hand, this literature engages in a less scalar analysis of the determinants of regional development in a globalizing economy (cf. Humphrey and Schmitz, 2000; Henderson et al., 2002). The volume edited by Hubert Schmitz brings together conceptual and empirical work from a research project—jointly conducted by the Institute of Development Studies at the University of Sussex and the Institute for Development and Peace at the University of Duisburg—that aims to move beyond the analytical and ideological views of the global versus the local, the free global market versus the need for regulation and intervention. To foreclose the following comments, it is an important contribution to improving the understanding of the ways in which local economies are enmeshed in global networks of economic activity, and—more importantly—the opportunities and threats for local SMEs that result from this integration into global production and value networks.

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