British Regional Development Since World War I

Law, Christopher M.

doi:10.4324/9781003197089

Cited by 3 publications

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“…The deglobalising trade wars of the 1930s gave way to the world trade boom of the 1950s which revived the fortunes of the export industries and, no doubt, improved the matching efficiency of the labour market, which had deteriorated markedly during the late 1920s and early 1930s (Luzardo‐Luna, 2020). In 1960, 141,000 jobs survived from industrial moves made between 1937 and 1944, and 228,000 jobs survived in 1966 from moves made between 1945 and 1951, in each case mostly in ‘outer Britain’ (Law, 1980).…”

Section: Post‐war Economic Policy Reforms Revisitedmentioning

confidence: 99%

What can we learn from the United Kingdom’s post‐1945 economic reforms?

Crafts

2021

Economic Affairs

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This article reviews the claim that economic policymakers in the post-COVID UK should learn the lessons of the 1940s. Post-1945 policies relating to delivering full employment, levelling up, upgrading social security, dealing with the public debt legacy, and addressing the productivity puzzle are considered. The article finds many reasons to criticise the policies of the 1940s. Although, superficially, outcomes look good, a closer examination reveals significant failings notably concerning design of the welfare state and supply-side policy for growth. The 1940s do not provide a good way to address the productivity slowdown or twentyfirst-century social insurance.

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Section: Post‐war Economic Policy Reforms Revisitedmentioning

confidence: 99%