The Economics of Regional Policy presents an extensive overview of this important area of economics. It reprints the most important work by leading scholars in the field. After making the case in favour of regional policies, the book explores the topic of economic disparities between regions including divergent economic growth, the effects of regional migration and wages, and the persistence of disparities in unemployment. It then explores the different regional policy instruments that have been introduced in the United Kingdom and in the United States and Canada and examines their implications. A separate section is devoted to the particular case of the European Union. The final section offers an evaluation of regional policies and their effects on economic efficiency. This book makes an important contribution to the literature on regional policy and will be a valuable resource to students, academics and policymakers.