The Future for Economic Growth and Industrial Strategy

Given the last decade of low economic growth, developed countries including the UK which previously rejected overt state involvement in the economy are returning to industrial strategy as a means to try and stimulate investment, increase productivity, create highly skilled jobs, regenerate regional economies and generate per capita growth. This raises questions of what is different about current industrial strategy versus historical initiatives, how does policy and execution differ across countries and regions, and what might the consequences and tensions be with regard the multiple objectives ascribed to this policy.

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