179/2014 Nicholas Crafts and Alan Hughes

This report reviews the market failure and systems failure rationales for industrial policy and assesses the evidence on part experience of industrial policy in the UK. In the light of this, it reviews options for reshaping the design and delivery of industrial policy towards UK manufacturing. These options are intended to encourage a medium- to long-term perspective across government departments and to integrate science, innovation and industrial policy.

Economic History

GO-Science Foresight Future of manufacturing project

http://www.gov.uk/government/publications/future-manufacturing-industrial-policy