Creating Competitive Advantage: Policy Lessons from History
AbstractThis 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 InfoPaper provided by Competitive Advantage in the Global Economy (CAGE) in its series CAGE Online Working Paper Series with number 91.
Date of creation: 2012
Date of revision:
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competition; industrial policy; productivity; supply-side policy;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-07-29 (All new papers)
- NEP-CIS-2012-07-29 (Confederation of Independent States)
- NEP-CWA-2012-07-29 (Central & Western Asia)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- 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
- 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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