The article "Regional Development Reconsidered" explores how innovation, human resources, and regional cooperation impact economic growth. The researchers discuss how innovation systems and learning regions contribute to development, as well as the role of human resource development in regional strategies. They also examine the impact of the new economy on industrial organization and the importance of regional cooperation for competitiveness. Additionally, the article delves into the role of public institutions in regional competition and the implications of regional cooperation for the Baltic States' membership in the European Union. Finally, the researchers analyze the role of infrastructure in expanding and integrating transport systems in Europe.