Britain's Economic Performance

Today, Britain's economy is in a very familiar situation; will recovery prove to be sustainable or will supply-side problems and a lack of competitiveness trigger another cycle of inflation and recession? In this book, a team of economists who worked at the National Economic Development Office until its recent abolition, give an authoritative and wide ranging account of Britain's economic problem. They show that a naive belief in the efficacy of the market has provided an inadequate platform for meeting the challenges facing a modern economy and that an appropriate combination of industrial policy and corporate strategy could place Britain in the first tier of the New Europe.