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New Perspectives on Industrial Policy for a Modern Britain (Hardcover)
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New Perspectives on Industrial Policy for a Modern Britain (Hardcover)
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In the aftermath of the global financial crisis of 2008 and the
ensuing Great Recession of 2008 to 2013, the economic debate has
begun to shift towards 'rebalancing' the UK economy, away from an
over-reliance upon consumerism and the financial sector to generate
growth, towards more sustainable productive activities. The fallout
from the financial crisis exposed the systemic failings of the
dominant neo-liberal model to deliver balanced growth and there is
now increasing recognition this 'rebalancing' might best be
achieved through the state pursuing an active 'industrial policy'.
Thus, after a long hiatus, industrial policy is back in vogue at
regional, national, and EU levels driven by concerns over
competitiveness, globalisation, de-industrialisation, unemployment,
and the comparatively slow growth of the British and EU economies
especially in this post-recession phase. At the same time,
industrial policy has been seen as a catalyst for designing
economic recovery strategies at regional, national, and EU levels
as well as being a concerted strategy to develop new 'clean-tech'
industries to tackle environmental challenges. This book brings
together leading European based experts, each with a long standing
interest in industrial policy. The chapters offer a broad set of
perspectives on the many facets of industrial policy, including
reflections upon past experiences of industrial policy (from across
the globe) and critical analysis and advice upon contemporary UK
industrial policy issues. They aim to critically inform and
challenge policy-makers, policy think-tanks, industrialists, trade
unions, academics, and other stakeholders in framing the future
course for industrial policy in the UK, and indeed more widely.
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