This article looks at the economic and political history of industrial policy under the Labour government of 1997-2010. The theoretical debate over industrial policy goes back to the 19th century, but the Labour government used neo-classical economic theory to justify state intervention in the market. It was also heavily influenced by European policy, including the Lisbon Agenda. While New Labour continued to favour some industries, there was no industrial policy as such. Instead, the government used tax revenues to create public jobs and jobs dependent on public sector spending. While the economic crisis and the change of administration will remove many of the distortions of this policy, the challenge is to create a new approach to economic revival in less prosperous regions of the UK.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 25 (2010)
Issue (Month): 8 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/rlce20|
|Order Information:||Web: http://www.tandf.co.uk/journals/subscription.asp|
When requesting a correction, please mention this item's handle: RePEc:taf:loceco:v:25:y:2010:i:8:p:612-621. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.