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The de-industrial revolution

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Abstract:

De-industrialisation has been a very rapid process in Britain over the last three decades; it has seen much greater losses of manufacturing than comparable European economies. This is because successive governments from Thatcher onwards have not sought to defend manufacturing, but have subscribed to the idea of a service or knowledge economy, and have believed that government should keep out of business. The problem is that the knowledge economy has not lived up to its promise, and the jobs that have replaced manufacturing – where that has happened – have been worse paid and with worse conditions. This process has led to the deterioration of whole communities and to parts of the country being largely dependent on the public sector for employment – not a recipe for thriving communities.

Keywords: DE-INDUSTRIALISATION; KNOWLEDGE ECONOMY; MANUFACTURING; REGIONAL ECONOMIES

Document Type: Research Article

DOI: http://dx.doi.org/10.3898/136266212800379518

Publication date: April 1, 2012

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