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Government and business: an introduction

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  • Ken Mayhew

Abstract

This article considers the apparent renewal of interest in interventionist industrial policies among OECD governments—asking just what, if anything, is new—with particular reference to the UK. It outlines the theoretical justifications for such interventions and discusses issues concerning intangibles, innovation, and infrastructure. It describes the special emphasis placed on re-balancing the structure of production, the central role accorded to human capital, and the salience of spatial aspects of policy. It stresses the potential for government and administrative failure just as much as market failure. Copyright 2013, Oxford University Press.

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  • Ken Mayhew, 2013. "Government and business: an introduction," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(2), pages 249-260, SUMMER.
    • Handle: RePEc:oup:oxford:v:29:y:2013:i:2:p:249-260
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    File URL: http://hdl.handle.net/10.1093/oxrep/grt028
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    Cited by:

    1. Enda Hannon, 2016. "Industrial policy and employment in the UK: evidence from the pharmaceutical sector," Industrial Relations Journal, Wiley Blackwell, vol. 47(1), pages 2-20, January.
    2. Lorenzo Esposito, 2014. "Con Annibale alle porte. L'internazionalizzazione del sistema bancario e il caso italiano," Moneta e Credito, Economia civile, vol. 67(266), pages 311-338.

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