We discuss the Wilson renormalization group approach to the effective
action for low x physics, It is shown that in the linearized, weak fie
ld regime the RG equation reduces to the BFKL equation for the evoluti
on of the unintegrated gluon density, We discuss the relation of this
approach with that of Lipatov. (C) 1997 Elsevier Science B.V. PACS: 12
.38.Cy; 13.85.Lg.