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Epilogue

NEDC: Past, Present and Future
  • Keith Middlemas

Abstract

Although NEDC’s history fits logically into the cycle of successive governments, it can also be divided into two phases, either side of 1973–4: the first being a period when the rapid growth characteristic of the post-war decade tailed away, and the second in which production and productivity growth rates both declined sharply. Having been concerned with central indicative planning in one era, NEDC turned in the other to industrial adjustment: from concern with broad economic management to microeconomic policy in more narrowly defined and selected areas of manufacturing. Planning had already become, by 1975, ‘a continuous forward exercise of foresight, evolving practical responses to the conditions foreseen’,1 and strategy a matter of flexible response, rather than working to implement the firm targets of early documents like the Green Book and the National Plan.

Keywords

Trade Union Civil Service Firm Target Wage Bargaining Productivity Growth Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes and References

  1. 4.
    M. Sharp, ‘The Development of Industrial Policy’ (unpublished paper, February 1982) p.59.Google Scholar
  2. 11.
    See, for example, R. C. O. Matthews, C. H. Feinstein and J. C. Odling-Smee, British Economic Growth 1856–1973 (1982).CrossRefGoogle Scholar
  3. S. Pollard, The Wasting of the British Economy (1982).Google Scholar

Copyright information

© National Economic Development Council 1983

Authors and Affiliations

  • Keith Middlemas

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