ABSTRACT
Confronted with such dazzlingly complex and important phenomena as the globalization of production systems, deindustrialization and reindustrialization, new economic spaces, global/multinational regions, and enormous planetary flows of goods, capital and labour, regional economics and economic geography, like much of economics as a whole, has in recent years seen a heterodox paradigm emerge in its midst. Where the orthodox paradigm remains fundamentally concerned with prices and quantities in a rather abstracted way, the heterodox paradigm breaks the problem of economic development in regions, nations and at a global level into a series of substantive empirical and theoretical domains, and attempts to build up a multilayered explanation for it. The heterodox approach involves what we might call a new ‘holy trinity’ by which it analyses heterogeneous labour and capital: technologies-organization-territories.
