BRITISH INDUSTRIAL POLICY IN THE LIGHT OF TRADITIONAL THEORY AND MORE RECENT DEVELOPMENTS IN ECONOMICS AND MANAGEMENT

INTRODUCTION The aims of this chapter are to outline the policies of consecutive British governments towards industry in general and the manufacturing sector in particular, to discuss the economic theoretical perspective informing such policies and to outline some ‘new approaches’ to the issue of (manufacturing) industry and competitiveness which can arguably throw some light on the performance of British industrial policy. The final section summarizes and concludes the chapter.