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1 INTRODUCTION Peripheralisation is a well-developed concept that describes how complex networks of flows and actors generate a polarising divide between core and peripheral places (Leibert & Golinski, 2017). Similarly, widespread interest in 'left behind places'—stagnating or declining areas—recently emerged, albeit associated with political discontent due to ongoing stagnation (Ford & Goodwin, 2014).
Economic geographers have drawn upon concepts from institutional economics and economic sociology in recent years to understand processes of regional development within an increasingly globalized economy. In this paper, we assess the influence of this institutional `turn' in economic geography and regional development studies. Two interrelated themes provide the focus of our critique.
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