The Awakening Giant (Routledge Revivals)

Preface

The unfolding of economic events during the 1970s and early 1980s has drawn further attention to the relative decline of the British economy and the continuing loss of competitiveness of large sectors of British industry. In the search for explanations of Britain's declining competitiveness a multiplicity of factors have surfaced. Pollard (1982) has emphasised the short-term focus of British economic policy-making and our failure as a nation to invest in the modernisation of capital equipment. Researchers at the Science Policy Research Unit at Sussex University also dwell on the relationship between technical innovation and British economic performance, pointing to shortcomings in the way certain sectors of British industry develop and ...