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Craig Berry - The Political Economy of Industrial Strategy in the UK: From Productivity Problems to Development Dilemmas

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Craig Berry The Political Economy of Industrial Strategy in the UK: From Productivity Problems to Development Dilemmas
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Does the UK still have an industrial strategy? How should we understand the renewed interest within government in industrial policy and now its apparent reversal in recent years? This collection of essay by leading academics and practitioners including Victoria Chick, Kate Bell, Simon Lee, Karel Williams, Susan Himmelweit, Laurie Macfarlane and Ron Martin among many others considers the effectiveness of recent industrial policies in addressing the UKs economic malaise. In offering a broad political economy perspective on economic statecraft and development in the UK, the book focuses on the political and institutional foundations of industrial policy, the value of foundational economic practices, the challenge of greening capitalism and addressing regional inequalities, and the new financial and corporate governance structures required to radicalize industrial strategy.

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The Political Economy of Industrial Strategy in the UK Building Progressive - photo 1

The Political Economy of Industrial Strategy in the UK

Building Progressive Alternatives

Series Editors: David Coates, Ben Rosamond and Matthew Watson

Bringing together economists, political economists and other social scientists, this series offers pathways to a coherent, credible and progressive economic growth strategy which, when accompanied by an associated set of wider public policies, can inspire and underpin the revival of a successful centre-left politics in advanced capitalist societies.

Published

Flawed Capitalism: The Anglo-American Condition and its Resolution
David Coates

The Political Economy of Industrial Strategy in the UK: From Productivity Problems to Development Dilemmas
Edited by Craig Berry, Julie Froud and Tom Barker

Race and the Undeserving Poor: From Abolition to Brexit
Robbie Shilliam

Reflections on the Future of the Left
Edited by David Coates

The Political Economy of Industrial Strategy in the UK

From Productivity Problems to Development Dilemmas

Edited by

Craig Berry, Julie Froud and Tom Barker

Editorial matter and selection 2021 Craig Berry Julie Froud and Tom Barker - photo 2

Editorial matter and selection 2021 Craig Berry, Julie Froud and Tom Barker.

Individual contributions, the contributors.

This book is copyright under the Berne Convention.

No reproduction without permission.

All rights reserved.

First published in 2021 by Agenda Publishing

Agenda Publishing Limited

The Core

Bath Lane

Newcastle Helix

Newcastle upon Tyne

NE4 5TF

www.agendapub.com

ISBN 978-1-78821-339-4 (hardcover)

ISBN 978-1-78821-340-0 (paperback)

British Library Cataloguing-in-Publication Data

A catalogue record for this book is available from the British Library

Typeset by Newgen Publishing UK

Printed and bound in the UK by TJ Books

Contents

Craig Berry, Julie Froud and Tom Barker

James Silverwood and Richard Woodward

Victoria Chick

Simon Lee

Julie Froud, Sukhdev Johal and Karel Williams

Paul Lewis

Isaac Stanley

Craig Berry and Tom Barker

Matthew Louis Bishop

Laurie Macfarlane

John R. Bryson, Vida Vanchan and Shihao T. Zhou

Nick ODonovan

Richard Jones

Ciaran Driver

Alison Fuller and Lorna Unwin

Kate Bell

John Forth and Ana Rincon-Aznar

Susan Himmelweit

Ed Pemberton

Ron Martin, Peter Sunley and Ben Gardiner

John Tomaney and Andy Pike

Arianna Giovannini and Luke Raikes

Dan Coffey and Carole Thornley

Daniel Bailey

Dustin Benton

Craig Berry

Daniel Bailey is Senior Lecturer in Political Economy at Manchester Metropolitan University. He has recently published Rethinking the fiscal and monetary political economy of the green state in New Political Economy, and the book Diverging Capitalisms: Britain, the City of London and Europe.

Tom Barker has worked as a teaching associate and/or research assistant at University of Sheffield, Sheffield Hallam University and Manchester Metropolitan University. He received his PhD from University of Cambridge, and is a commissioning editor of Renewal.

Kate Bell is Head of the Rights, International, Social and Economics Department at the Trades Union Congress, and a member of the Low Pay Commission.

Dustin Benton is Policy Director of the Green Alliance (on secondment until February 2021 at the Department for the Environment, Food and Rural Affairs).

Craig Berry is Reader in Political Economy at Manchester Metropolitan University. His books include Pensions Imperilled: The Political Economy of Private Pensions Provision in the UK and Developing Englands North: The Political Economy of the Northern Powerhouse. In 2017 he served on the Industrial Strategy Commission, and his previous employers include HM Treasury, the Trades Union Congress and the Sheffield Political Economy Research Institute.

Matthew Louis Bishop is Senior Lecturer in International Politics at the University of Sheffield. His books include The Political Economy of Caribbean Development and Post-Colonial Trajectories in the Caribbean: The Three Guianas.

John R. Bryson is Professor of Enterprise and Economic Geography at the University of Birmingham. His recent books include Handbook of Manufacturing Industries in the World Economy, Handbook of Service Business and Design Economies and the Changing World Economy: Innovation, Production and Competitiveness.

Victoria Chick is Emeritus Professor of Economics at University College London. Her major works include The Theory of Monetary Policy and Macroeconomics After Keynes.

Dan Coffey is Senior Lecturer in Macroeconomics at University of Leeds. His books include Globalization and the Varieties of Capitalism Debate: New Labour, Economic Policy and the Abject State and Crisis or Recovery in Japan: State and Industrial Economy.

Ciaran Driver is Professor of Economics at SOAS, University of London. His books include The Unbalanced Economy: A Policy Appraisal and Investment, Expectations and Uncertainty.

John Forth is Senior Lecturer in Human Resource Management, CASS Business School, City University of London. His recent books include Comparative Workplace Employment Relations: An Analysis of Practice in Britain and France and he has published extensively on industrial relations.

Julie Froud is Professor of Financial Innovation at the University of Manchester. Her recent books include Foundational Economy: The Infrastructure of Everyday Life, After the Great Complacence: Financial Crisis and the Politics of Reform and Financialization and Strategy: Narrative and Numbers. She was a founding member of the Centre for Research on Socio-Cultural Change, and recently established the Foundational Economy Collective.

Alison Fuller is Professor of Vocational Education and Work and Pro-Director for Research and Development at the UCL Institute of Education. Her books include Rethinking Widening Participation in Higher Education: The Role of Social Networks and Improving Working as Learning.

Ben Gardiner is Director of Cambridge Econometrics and a Research Associate at University of Cambridge. He has published extensively on regional economic performance.

Arianna Giovannini is Associate Professor in Local Politics and Public Policy at De Montfort University. She recently published Developing Englands North: The Political Economy of the Northern Powerhouse, and from July 2019 to February 2020 served as interim director of IPPR North.

Susan Himmelweit is Emeritus Professor of Economics at Open University and a Womens Budget Group management committee member. Her recent books include Economics and Austerity in Europe: Gendered Impacts and Sustainable Alternatives and Rethinking Britain: Policy Ideas for the Many.

Sukhdev Johal is Professor of Accounting and Strategy at Queen Mary, University of London. His recent books include Foundational Economy: The Infrastructure of Everyday Life, The End of the Experiment? From Competition to the Foundational Economy

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