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Britain's industrial performance since 1960: Underinvestment and relative decline

Kitson, Michael ; Michie, Jonathan

The Economic Journal, Jan 1996, Vol.106(434), p.196 [Tạp chí có phản biện]

ISSN: 00130133

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  • Nhan đề:
    Britain's industrial performance since 1960: Underinvestment and relative decline
  • Tác giả: Kitson, Michael ; Michie, Jonathan
  • Chủ đề: UK ; United Kingdom ; Studies ; Output ; Modernization ; Manufacturing ; Investment ; Industrial Policy ; Industrial Economics ; Investments ; Industrial Production ; Economic Growth ; Western Europe ; Experimental/Theoretical Treatment ; Manufacturing Industries ; Economic Theory
  • Là 1 phần của: The Economic Journal, Jan 1996, Vol.106(434), p.196
  • Mô tả: It is argued that Britain's industrial performance since 1960 has been relatively poor, and the deindustrialization that has resulted from this relatively poor industrial performance is a serious problem for the whole economy - not just for the industrial sector itself. Neither the specific problem of deindustrialization nor the consequent general problem of continued relative economic decline were solved in the 1980s. The key reason why British industry has been doing relatively poorly has been underinvestment in manufacturing. This underinvestment has been allowed to persist by the lack of any strong modernizing forces within British society, with the trade union movement having been either too weak or too defensive, and with government policy at best being rather ineffectual and at worst positively harmful. The reasons for this policy failure lie in Britain's economic history and in the resulting distorted nature of both the economy and society. This fundamental problem - a lack of any strong modernizing force - has, if anything, been exacerbated since 1979.
  • Ngôn ngữ: English
  • Số nhận dạng: ISSN: 00130133

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