International Trade and UK de-industrialisation

Francesca Foliano and Rebecca Riley

National Institute Economic Review, 2017, vol. 242, issue 1, R3-R13

Abstract: The past 25 years have been characterised by a surge in international trade as economies have become increasingly inter-linked. In many advanced economies this surge has been associated with increased import competition from low-wage economies. This paper explores the effects of such competition on manufacturing jobs in the UK. We consider two developments that influenced the nature of international trade: the ascendency of China as an important player in global markets and the accession to the European Union of a number of Eastern European economies in 2004. Both of these changes were associated with a shift in trade regimes and led to a sharp rise in import competition in particular UK manufacturing sectors. We find that these changes are likely to have hastened the decline of UK manufacturing.

Keywords: import competition; globalisation; de-industrialisation; manufacturing; jobs; local labour markets (search for similar items in EconPapers)
JEL-codes: F14 F16 F66 J23 L60 R11 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (8)

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Journal Article: International Trade and UK De-Industrialisation (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:niesru:v:242:y:2017:i:1:p:r3-r13

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