This article examines the ability of regional labour markets to rebound by growing the middle class or increasing wages. Using data on US metros, we identify regions that are transformative in terms of achieving a new equilibrium or reversing their path dependency. We then use discriminant...

The new economic reality of heightened international competition, constant technological change, and cross border migration flowsreferred to in shorthand as globalizationʺhas upset traditional forms of governing capitalist economies. Nation-states were once considered the only appropriate scale...