The Competitiveness of the UK economy
Author(s)
Bibliographic Information
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
Available at 23 libraries
  Aomori
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  Tokyo
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  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
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  Shiga
  Kyoto
  Osaka
  Hyogo
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  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
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  Tokushima
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  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes index
Description and Table of Contents
Description
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.
Table of Contents
- 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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