The uk machine tool industry

Alessandro Sembenelli and Paul Simpson
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Paul Simpson: UMIST, Manchester, UK

CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY

Abstract: The UK machine tool industry has mirrored the fortunes of the rest of British industry since the early fifties. The observed decline has been both a part and a result of the weakening manufacturing base. In particular, the UK machine tool industry has suffered badly in the two recessions of the 70’s and 80’s. More recently the industry has shifted its strategy by favouring products which either offer the prospect of standardisation or command a premium in the market place because of their customised nature. Finally, in recent years the organisation of the industry has changed because of such phenomena as disinvestments by large engineering groups and foreign direct investment

Pages: 37 pages
Date: 1993-12
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Persistent link: https://EconPapers.repec.org/RePEc:csc:cerisp:199303

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