Book excerpt: The essays in this book provide the elements for a new theory of spatial development to explain the new socio-territorial reality produced by global restructuring in the 1970s and 1980s. The contributors all account for the contemporary territorial units by focusing on global economic dynamics and the history of particular places. The book looks at restructuring in the automobile and electronics industries; the significance of migrant labour and the informal economy; the consequences of female proletarianization in Southeast Asia; the implications for regional development of the incorporation of Mexico and Malaysia in the world economy; the internationalization of commercial capital and the development of financial centres;