ABSTRACT
Industrial restructuring on a global scale redefines aims and conditions of development for peripheries as well as for core regions. While core regions successfully develop knowledge-based activities, other territories seem to be stuck between job losses in traditional industries on the one hand and weak potentials of embarking on knowledge-based activities on the other. Not being able to boost the local knowledge economy as an alternative to traditional manufacturing, what can such regions do? Some regions have started to compete as places of consumption. The focus of the efforts is to attract tourists and residents, and eventually business investment in emerging industries. What they do is to embark on the so-called ‘experience economy’.
