Government Policy

C. Freeman

Chapter 18 in Technical Innovation and British Economic Performance, 1980, pp 310-325 from Palgrave Macmillan

Abstract: Abstract This book is intended as a contribution to the wider debate on the post-war performance of the British economy. Unlike most of the other contributions, it emphasises certain long-term weaknesses on the supply side, which have in our judgement seriously impaired the competitive efficiency of the British economy. It has attempted to show that the efficient management of technical change is central to both price and non-price competition; the former through cost reduction and the latter through product design and improvement. It has also attempted to demonstrate that the poor British performance relative to other countries in both these types of change is related to under-investment and to misdirected investment in the activities that promote such change.

Keywords: Government Policy; Technical Change; Policy Instrument; Supply Side; Industrial Policy (search for similar items in EconPapers)
Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06381-9_18

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DOI: 10.1007/978-1-349-06381-9_18

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