Documents how local regional initiatives can foster and sustain economic, especially employment, growth resulting from co-operation between public and private sectors. Six main topics are human resources, capital formation and investment, local infrastructure and site provision, innovation, creating the best institutional context, entrepreneurship and technological change. Emphasizing the economic nature of the development process and drawing on experiences from the contrasting approaches of Britain and Germany, it distills the essence of economic developmental policy issues not only for these nations but advanced economies as well.