The Competitiveness of the UK economy
著者
書誌事項
The Competitiveness of the UK economy
（Southampton series in international economics）
Macmillan , in association with the Centre for International Economics, University of Southampton and the Commons Institute, 1991
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注記
Includes index
内容説明・目次
内容説明
How competitive is the UK economy? Is it capable of responding successfully to shocks emanating from abroad? The five case studies prepared for this volume identify the main problem areas which currently affect the ability of the UK to sustain a competitive international position. First, in a world in which there is uncertainty about exchange rates, interest rates and economic policy, it is difficult to distinguish between relative price changes which are purely transitory and those which are permanent. As a result changes in output may occur where none were warranted. Second, barriers to entry and exit in product and input markets prevent resources from moving from areas where demand is declining to those where it is strong. These two considerations, plus the fact that production takes time, generate economic costs in the reallocation of resources in response to demand and input price changes. On the other hand, the more modern and flexible the production processes adopted by British industry, the more rapidly will the British economy be able to compete in international markets.
目次
- Competitive rivalry and the response of markets to innovative opportunities, Paul Geroski and Geoffrey Stewart
- do unions reduce redundancies?, Barry McCormick and Peter Shelley
- working capital, employment and competitive flexibility, Alan Hamlin and David Heathfield
- relative price variability and inflation in the UK, Grayham Mizon and Stephen Thomas
- wages, prices and non-traded goods, Mark Blofeld and George McKenzie.
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