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...

The use of incentive packages has intensified as local governments compete for new plants and corporate relocations, and as private firms increasingly demand a deal. While incentives promise jobs and tax revenue, scholars and practitioners criticize their high cost and limited accountability....