The Good of the Many Outweighs the Good of the One Regional Cooperation instead of Individual Competition in the United States and Western Europe?

Regional cooperation involves cooperative networks of local and regional public, private, and nonprofit bodies, working with higher levels of government, that focus their economic development efforts for the benefit of their region or group of regions as a whole. The assumption is that regional cooperation is "good" and may be able to address some of the shortcomings of competition for private investment among individual localities. This article seeks to evaluate that assumption by critically examining the opportunities and challenges for government involvement in regional cooperation through a comparative review of the urban economic development literature for the United States and Western Europe.