The political economy of modern Britain

This book provides discussion of Britain's relative economic decline since WWII and offers approaches to overcome this poor economic performance. This book describes the key political and economic decisions or events which have shaped Britain's economic performance in the post-war period. The authors critically discuss the range of explanations which have been offered by those seeking to understand Britain's relative economic decline. It offers an alternative approach to improving Britain's economic performance known as 'the strategic alignment of national and corporate competitiveness'. In this approach the authors attempt to escape from the traditional left-right debate concerning the degree to which the state should replace the market in owning and controlling key sectors of the economy, and instead they focus on the state as a facilitator in the provision of assets required by firms competing in the international arena.