Partnership or Privatisation? The political economy of local economic restructuring

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Abstract
The restructuring of local economies in the face of declining traditional industries is a major problem confronting all advanced western societies. This article contrasts the experience of two countries with very different traditions of political management of their national economies, namely the UK and Sweden. The authors argue that whilst there are important divergencies in macro political and economic objectives, there is an interesting convergence in practice in tackling the impact of restructuring at the local community level. This convergence is based on the idea of market led regeneration and bringing private interests, in the form of big business, into a policy-making and implementation role.

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