Deindustrialisation and economic growth

Article Abstract:

The economic decline experienced by the UK was most noticeable during the 1950s and 1970s. However, a more optimistic assessment of the UK economy was given in the 1980s due to changes in the supply-side policy and apprehensions of its long-run implications. Studies in growth economics have shed light on what went wrong during the 1970s and the implications of what transpired in the 1980s. It was concluded that a limited reversal in the decline may have been due to the Thatcherite reforms in the 1980s. Deindustrialization has been found to be important in itself.

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Britain's industrial performance since 1960: underinvestment and relative decline

Article Abstract:

The industrial performance of the UK has been inferior since 1960 and has become a major problem for the whole UK economy. It is further argued that deindustrialization and the problem of economic decline were not resolved during the 1980s. Underinvestment in the manufacturing sector is the main reason for the underperformance of the UK industry.

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Explaining Britain's economic performance: a critical note

Article Abstract:

The UK's poor economic performance since the 1960s is placed in a historical and institutional perspective. British institutions were not able to adjust to the economic opportunities during the post-war period. It is argued that the economic reforms of the Thatcher administration had Americanized UK's financial markets and industrial relations.

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