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Government Policy

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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

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References

  • F. T. Blackaby (ed.), British Economic Policy 1960–1974 (London: Cambridge University Press and National Institute of Economic and Social Research, 1978).

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  • K. Oshima, The Role of Technology in the Change of Industrial Structure (Japan: Industrial Research Institute (IRI), 1978).

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  • C. Freeman and M. Jahoda (eds), World Futures: The Great Debate (London: Martin Robertson, 1978).

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  • UK Government, Select Committee on Science and Technology, Innovation in Research and Development in Japanese-based Industry, vol. 1: Report (London: HMSO, 1978).

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© 1980 Science Policy Research Unit

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Freeman, C. (1980). Government Policy. In: Pavitt, K. (eds) Technical Innovation and British Economic Performance. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-06381-9_18

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