New Perspectives on Industrial Policy for a Modern Britain

Hardcover | May 2, 2015

EditorDavid Bailey, Keith Cowling, Philip Tomlinson

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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 moresustainable 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 "industrialpolicy". 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-recessionphase. 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) andcritical 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 morewidely.

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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 moresustainable productive activities. The fallout from th...

David Bailey is Professor of Industrial Strategy at the Aston Business School. He has written extensively on industrial and regional policy, especially in relation to manufacturing and the auto industry. His recent research has been funded by a number of state and private organisations including the ESRC. He recently undertook an INTER...

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Format:HardcoverDimensions:480 pages, 9.69 × 6.73 × 1.31 inPublished:May 2, 2015Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198706200

ISBN - 13:9780198706205

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Table of Contents

1. David Bailey, Keith Cowling, and Philip Tomlinson: Introduction: New Perspectives on Industrial Policy for a Modern BritainPart 1. Perspectives on Industrial Policy2. Christos Pitelis: DIP-ly Speaking: Debunking 10 Myths and a Business Strategy-Informed Developmental Industrial Policy3. David Coates: Industrial Policy: International Experiences4. Andrew Bowman, Julie Froud, Sukhdev Johal, Adam Leaver, and Karel Williams: Reframing Industrial Policy5. Mushtaq Khan: The Role of Industrial Policy: Lessons from AsiaPart 2. Finance for Industry, Entrepreneurship, and Innovation6. Malcolm Sawyer: Finance and Industrial Strategy7. Jonathan Michie: Financial Architecture and Industrial Policy: Alternative Ownership Structures and the Role of Mutuals8. Gordon Murray, Weixi Liu, and Marc Cowling: Harnessing the Private Sector to Enhance Industrial Innovation9. Mariana Mazzucato: How to Make 'Smart' Innovation-Led Growth also 'Inclusive' GrowthPart 3. Employment Issues and Industrial Policy10. Francis Green and Geoff Mason: Skills and Training for a more Innovation-Intensive Economy11. Phillip Brown, Sin Yi Cheung, and Hugh Lauder: Beyond a Human Capital Approach to Education and the Labour Market: The Case for Industrial Policy12. Janet Williamson and Tim Page: Workers' Voice in Company Decision-Making13. Paul Latreille and Richard Saundry: Employment Rights and Industrial PolicyPart 4. Industrial Policy and Regional Development14. David Bailey, Keith Cowling, and Philip Tomlinson: An Industrial Strategy for UK Cities15. David Bailey, Paul Hildreth, and Lisa De Propis: Mind the Gap! What might a Place-Based Industrial and Regional Policy look like?Part 5. Regulation, FDI, and Industrial Policy16. Michael Waterson: Regulation and Governance of the Public Utilities17. Nigel Driffield, Sandra Lancheros, and Yama Temouri: Refining Inward Investment Policy: Maximising the Returns to Limited Funds18. Ajit Singh, Gurmail Singh, David Bailey, and Helena Lenihan: Takeovers and Takeover PolicyPart 6. Industrial Policy and Sustainable Development19. Karl Aiginger: Industrial Policy for a Sustainable Growth Path20. Dan Coffey and Carole Thornley: Industrial Policy: A Green Agenda