ABSTRACT
Notions of an emerging 'new political economy of development' need to be located within an understanding not just of the globalisation of capitalism and the global governance structures that emerge from it. They need to be located within a broader understanding of structural change which acknowledges the various dimensions of the spatial reorganisation of capitalism: to focus simply on the 'global' or 'globalising' aspects of such processes and structures is to focus on only one level of an extremely and increasingly complex landscape of governance, development, and capitalism. I would suggest, in this light, that regionalism-or the regional reorganisation of development, capitalism, or governance-constitutes a pivotal dimension of the new political economy of development, but one which frequently is neglected in these broader discussions.
