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Creating Competitive Advantage: Policy Lessons from History

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Author Info

  • Crafts, Nicholas

    (University of Warwick)

Abstract

This paper reviews selected aspects of the history of UK supply-side policy in terms of their productivity implications. An important change after the 1970s which improved productivity performance was the adoption of policies to end protectionism and strengthen competition. A review of horizontal industrial policies shows weaknesses in education, infrastructure, taxation and, especially, land-use planning but, on the positive side, a regulatory stance conducive to the rapid adoption of ICT. A big implication is that any return to a more active industrial policy should be designed to minimize adverse effects on competition.

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Bibliographic Info

Paper provided by Competitive Advantage in the Global Economy (CAGE) in its series CAGE Online Working Paper Series with number 91.

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Date of creation: 2012
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Handle: RePEc:cge:warwcg:91

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Related research

Keywords: competition; industrial policy; productivity; supply-side policy;

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  1. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
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  1. The China Deal: Why China's economic success is fragile by Mark Harrison
    by Mark Harrison in Mark Harrison's blog on 2012-07-29 14:23:46
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Cited by:
  1. Liberini, Federica & Redoano, Michela & Proto, Eugenio, 2013. "Happy Voters," CAGE Online Working Paper Series 169, Competitive Advantage in the Global Economy (CAGE).

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