Emerald Fulltext Archive Database 1994-2005
Aims to examine the issue of industrial strategy (IS), paying particularattention to the case of Britain. Sets out to assess the possibility andnature of an industrial strategy for Britain, in Europe, and within theglobal scene, taking into account the world we live in as we see it.Accordingly, the perspective is driven and shaped by a quest for arealistic, feasible and sustainable industrial strategy. In order toachieve these objectives, first examines the theoretical argumentsbehind much of British, and more generally, Western industrial policies.Following this, outlines and assesses British industrial policypost-Second World War then compares and contrasts British industrialpolicy with that of Europe, the USA, Japan and the newly industrializedcountries. Then examines recent developments in economics andmanagement which may explain the "Far Eastern" miracle, and points to thepossibility of a successful, narrowly self-interested, IS for Europe andBritain, based on the lessons from (new) theory and internationalexperience. To assess what is possible, develops a theoretical frameworklinking firms in their roles as consumers and/or electors. This hintsat the possibilities and limits of feasible policies. All these ignoredesirability which, in the author's view, should be seen in terms ofdistributional considerations, themselves contributors tosustainability. Accordingly, discusses a desirable industrial strategyfor Britain in Europe which accounts for distributional considerations,and goes on to examine its implications for the issue of North-Southconvergence. Concludes by pointing to the limitations of the analysisand to directions for developments.
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