Actors and institutions in localities and regions across the world are seeking prosperity and well-being amidst tumultuous and disruptive shifts and transitions generated by: an increasingly globalised, knowledge-intensive capitalism; global financial instability, volatility and crisis; concerns about economic, social and ecological sustainability, climate change and resource shortages; new multi-actor and multi-level systems of government and governance and a re-ordering of the international political economy; state austerity and retrenchment; and, new and reformed approaches to intervention, policy and institutions for local and regional development. Local and Regional Development provides an accessible, critical and integrated examination of local and regional development theory, institutions and policy in this changing context. Amidst its rising importance, the book addresses the fundamental issues of 'what kind of local and regional development and for whom?', its purposes, principles and values, frameworks of understanding, approaches and interventions, and integrated approaches to local and regional development throughout the world. The approach provides a theoretically informed, critical analysis of contemporary local and regional development in an international and multi-disciplinary context, grounded in concrete empirical analysis from experiences in the global North and South. It concludes by identifying what might constitute holistic, inclusive, progressive and sustainable local and regional development, and reflecting upon its limits and political renewal.