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Enduring strengths: analysing the UK’s current and potential economic strengths, and what they mean for its economic strategy, at the start of the decisive decade

Author

Listed:
  • De Lyon, Joshua
  • Martin, Ralf
  • Oliveira Cunha, Juliana
  • Shah, Arjun
  • Shah, Krishan
  • Thwaites, Gregory
  • Valero, Anna

Abstract

Key to building a new economic strategy which can revitalise the UK economy after a decade of stagnation is understanding our current strengths, how these strengths evolve, and the trade-offs they present. The report uses global data on trade in goods and services and patenting to uncover where the UK’s relative strengths lie; we study the extent to which these strengths have changed over time and compare with international peers; and undertake several deep dives into the areas in which the UK has developed a specialism. Finally we consider what the UK’s mix of specialisms means for a wider economic strategy.

Suggested Citation

  • De Lyon, Joshua & Martin, Ralf & Oliveira Cunha, Juliana & Shah, Arjun & Shah, Krishan & Thwaites, Gregory & Valero, Anna, 2022. "Enduring strengths: analysing the UK’s current and potential economic strengths, and what they mean for its economic strategy, at the start of the decisive decade," LSE Research Online Documents on Economics 117344, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:117344
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    File URL: http://eprints.lse.ac.uk/117344/
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    More about this item

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • N0 - Economic History - - General

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