Comparative Disadvantage? The Industrial Structure of Wales

Calvin Jones

Chapter 2 in Wales in the 21st Century, 2000, pp 11-23 from Palgrave Macmillan

Abstract: Abstract This chapter explores two contentions. First, that the Welsh people have a history of being in the wrong jobs at the wrong time, with employment concentrated in too few industries and occupations, often those in long-term decline. Secondly, the structure of the Welsh economy cannot currently deliver prosperity to its people. Wales' comparative disadvantage has not simply been in terms of industries and occupations, but also in the type and ownership of establishments prevalent in Wales, and the resultant nature of work. These factors have played a major part in creating an economy with low value added, low earnings and low rates of participation, as well as an unemployment rate habitually above the UK average.

Keywords: Foreign Direct Investment; Service Sector; Industrial Structure; High Education Sector; Comparative Disadvantage (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98153-5_2

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DOI: 10.1057/9780333981535_2

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