Abstract
The Conservative White Paper on Regional Industrial Development was a frank and belated admission that the geography of relative depression no longer corresponded to the official map of the assisted areas and, as a result, regional policy has recently been subjected to a radical review. This paper outlines some of the reasons for this review and explores the regional implications of the Conservative neo-market strategy. However, despite the economic limitations of regional policy, the latter remains an attractive focus for a wide spectrum of social interests in depressed areas; consequently, it is argued, territorial questions have a contemporary significance despite the demise of peripheral nationalism and devolution.
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