The Political Economy of Competitiveness: Corporate Performance and Public PolicyThe Political Economy of Competitiveness offers an original perspective on the relationship between economic theory and policy. It places the issues within an accessible political economy perspective. Rejecting the narrowness of mainstream economics the authors deploy an interdisciplinary approach to the problem of economic growth, placing it in its historical and political context. Issues covered include: * trade theory and policy * industrial decline and policy * markets, competition and innovation * globalisation, unemployment and government policy. The book provides a valuable guide to the major economic policy issues for both economists and business students. |
Contents
1 Introduction and overview | 1 |
PART I Globalisation | 11 |
PART II History versus equilibrium | 69 |
PART III Public policy and corporate governance | 125 |
Further reading | 157 |
Notes | 158 |
| 173 | |
| 189 | |
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Common terms and phrases
adjustment mechanisms argued assumptions balance of payments blocs Bretton Woods system Britain capital cent Chapter collaboration competitive advantage cost created deficit deflation deflationary demand Depression devaluation discussion domestic dominated economic growth economic policy effects European exports factors Figure firms fiscal policy fixed exchange rate free trade full employment Germany global globalisation Gold Standard Government’s Grieve Smith growth rate impact important income industrial inflation innovation interest rates interwar period investment Japan Jonathan Michie Kaldor Kitson and Solomou labour leading macroeconomic manufacturing output markets Michie million jobs monetarism monetary policy money supply non-innovators output and employment policy regimes political post-Second World problems programme protectionism recession recovery result revenue Robinson College Rowthorn sector share of world Source stability strategy structure supply side Table tariff trade policies trade theory UK’s wage world economy world output world trade