Enduring strengths: analysing the UK’s current and potential economic strengths, and what they mean for its economic strategy, at the start of the decisive decade

Joshua De Lyon, Ralf Martin, Juliana Oliveira Cunha, Arjun Shah, Krishan Shah, Gregory Thwaites and Anna Valero

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Key to building a new economic strategy which can revitalise the UK economy after a decade of stagnation is understanding our current strengths, how these strengths evolve, and the trade-offs they present. The report uses global data on trade in goods and services and patenting to uncover where the UK’s relative strengths lie; we study the extent to which these strengths have changed over time and compare with international peers; and undertake several deep dives into the areas in which the UK has developed a specialism. Finally we consider what the UK’s mix of specialisms means for a wider economic strategy.

JEL-codes: L81 N0 (search for similar items in EconPapers)
Pages: 77 pages
Date: 2022-04-28
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:117344

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