‘Spatial’ relationships? Towards a reconceptualization of embedded ness

The concept of embeddedness has gained much prominence in economic geography over the last decade, as much work has been done on the social and organizational foundations of economic activities and regional development. Unlike the original conceptualizations, however, embeddedness is mostly conceived of as a ‘spatial’ concept related to the local and regional levels of analysis. By revisiting the early literature on embeddedness in particular the seminal work of Karl Polanyi and Mark Granovetter and critically engaging with what I will call an ‘overterritorialized’ concept, a different view on the fundamental categories of embeddedness is proposed. This reconceptualization then is illustrated using the…