ABSTRACT
This chapter shows that the options may be outdated in light of the changing global economy. It presents Tri-State as a model of a region-based, self-reliant economy which, in theory, "delinks" from the global economy–and its negative impacts. Tri-State, in essence, offers a model for reindustrializing the region through a kind of democratic decentralization–that is, local labor and community leaders initiate and direct economic production that serves the immediate area. In the rush to industrialize, health and safety standards have been neglected. The center piece of the new corporate strategy is international investment which translates into disinvestment in the United States. The majority of Western nations are focused in three areas: protectionism, free trade, and industrial policy. Industrial policy as an idea can be traced back to the days of Herbert Hoover and Franklin D. Roosevelt. New technology could, moreover, rebuild the older industrial sectors, such as the steel industry.
