£2m funding award recognises the Centre for Competitive Advantage in the Global Economy as a UK centre of research excellenceWednesday 19 Sep 2018
The Centre for Competitive Advantage in the Global Economy (CAGE), based in the Department of Economics at the University of Warwick, has been awarded £2.09 million to continue its pioneering social science research for another five years.
CAGE is one of just nine UK centres of excellence to receive funding from the ESRC. The Centre is also supported financially by the University of Warwick.
Research at CAGE examines how and why different countries achieve economic success. CAGE members explore how countries succeed in achieving policy objectives central to the economic wellbeing of their citizens, such as improving living standards, raising productivity, and maintaining international competitiveness.
A distinctive aspect of the Centre’s work is its commitment to economic history as well as economic theory, and the use of historical perspective to illuminate current policy debates.
This new funding recognises the success of CAGE and the importance of its work, and will support its research programme for a further 5 years from January 2020.
Professor Nicholas Crafts, the Director of CAGE, said: “The focal point of CAGE will continue to be understanding how countries succeed in the global economy. We will sustain and develop our research into long-run growth performance, the determinants of well-being and escape from poverty, institutional reform and the political economy of managing change in a globalising world.”
Professor Jennifer Rubin, ESRC’s Executive Chair said: "The breadth of social science that these centres of excellence encompass illustrates the strength of UK social science. This funding will support these centres and help set them on a path to long term sustainability.
Notes for editors
The Economic and Social Research council (ESRC) is part of UK Research and Innovation (UKRI), a new organisation that brings together the UK’s seven research councils, Innovate UK and Research England to maximise the contribution of each council and create the best environment for research and innovation to flourish. The vision is to ensure the UK maintains its world-leading position in research and innovation. UKRI is a non-departmental public body funded by a grant-in-aid from the UK government and are the UK's largest organisation for funding research on economic and social issues. The ESRC's total budget for 2017-18 was around £202 million. At any one time ESRC supports over 4,000 researchers and postgraduate students in academic institutions and independent research institutes.
Jane Snape, Centre Coordinator, CAGE, University of Warwick. Tel: 024 76 23046
Sheila Kiggins, Media Relations Manager, University of Warwick. Tel: 024 76 150423