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Industrial Support Policies

Published online by Cambridge University Press:  26 March 2020

James Shepherd
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Extract

Industrial policy as a whole would be a very wide subject, which could only be covered superficially; it makes sense therefore to discuss a fairly small part of it. For present purposes industrial support policies are defined as policies which offer financial incentives in order to encourage private sector businesses to achieve objectives which are judged to be in the general interest as well as—very often—in their own interest. There is, of course, room for argument about precisely what should be included. Both the purposes and the operational practice of such policies have changed rapidly over recent years and I am concerned with their development in the Department of Trade and industry (DTI) during the period of Conservative government since 1979. While this article pas prepared for a conference on manufacturing industry, there is no presumption that the policies are particularly relevant to manufacturing rather than to many other sectors of the economy.

Type
Articles
Information
National Institute Economic Review , Volume 122 , November 1987 , pp. 59 - 70
Copyright
Copyright © 1987 National Institute of Economic and Social Research

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Footnotes

∗

The policies described in the text are those in operation in the summer of 1987. on so far as possible the article offers a factual description of the policies pursued and the objectives and economic analysis underlying their development. Where personal opinions are expressed they are not necessarily attributable to the Department of Trade and industry or to anyone other than myself.

References

Notes

(1) ‘Regional industrial development’, Cmnd 9111, December 1983.

(2) To quote the 1983 White Paper, ‘the Government believe that the case for continuing the policy is now principally a social one with the aim of reducing on a stable long-term basis, regional imbalances in employment opportunities’.

(3) See bibliography at Appendix B.