The resurgence of interest in growth at a local level has led to a revisiting of past ideas on regional growth. A common denominator of the renewed interest in the old story of regional growth relates to the openess of the locality and the region as primary indicator of localized change in a globalizing system. The thrust of this volume reflects observations made about the resurrected interest in regional growth. A selection of papers is presented, first to clarify some of the key concepts underlying the interest in local growth, and second to refocus some of the attention on issues of labour, welfare and distribution. Some of the papers were presented at the conference "Promoting Growth: New Industries, Policies and Forms of Governance", held in Israel 1999. Others are specially commissioned papers. In the "process" section papers examine key concepts underlying local growth, and the vocabulary of "ebeddedness", "learning regions", "social capital" and "industrial districts" used to invoke processes of growth is also critically examined. The local growth "practice" section assembles empirical evidence of local growth stories grounded in technological innovation, Internet-based activities and tertiary-type activities. The third section of the book addresses issues of "policy". The papers in this section have an underlying ethos that "policy works".