Institutional issues for the European regions: from markets and plans to socioeconomics and powers of association

Abstract

This article, focusing on regional development issues, discusses thepolicy alternatives that might be mobilized to reverse the centralizing forces unleashed by the pursuit of neo-liberal policies in the European Union. It highlights the limitations of contemporary versions of the managed economy model, and explores the significance of anemerging model of development rooted in socioeconomics, and stressing the powers of ‘associationism’. While broadly sympathizing with this third way-in between market and hierarchy - as a basis for generating economic success, the article goes on to argue that questions of social equity and political democracy remain unresolved by the associationist agenda.