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This paper suggests significant processes associated with regional industrial change. Particular emphasis is given to the sensitivity of an open regional economy to shifts in external trade relationships and the ability of management to assess and adapt to the changing forces influencing theft industries. The case study of Northern Ireland between 1950 and 1968 attempts to explain the transition followed by the leading older industries and why certain alternative paths for regional transition were followed. A recurrent theme is the crucial role played by the regional government. [ABSTRACT FROM AUTHOR]