Productivity Puzzles

Industrial Strategy: What To Do and What Not To Do?

Listen on

Episode notes

With a new government in town, industrial strategy is back. Why now? How will it help growth and productivity? How do we get it right? And, perhaps equally important, how do we make sure we don’t get it wrong this time?

Host Professor Bart van Ark is joined by:

• Dame Kate Barker, Chair of the Universities Superannuation Scheme and Chair of The Productivity Institute’s Governing Council.
• Giles Wilkes, Senior Fellow at the Institute for Government and Specialist partner at Flint Global.
• Andrew Westwood, Policy Director, The Productivity Institute and Professor of Public Policy, Government and Business at The University of Manchester.

For more information on the topic:

• Andy Westwood and Giles Wilkes, Can an industrial strategy help drive productivity growth?, The Productivity Institute.
• “How can the new government’s industrial strategy help boost productivity?”, an event co-hosted by the Institute for Government and The Productivity institute, 18 September 2024.
• Giles Wiles, 10 lessons for successfully restarting an industrial strategy, Institute for Government, 24 June 2024.
• Bart van Ark, Anna Valero and Andy Westwood, Why the UK needs a new institution for growth and productivity: Could a revamped Industrial Strategy Council be the answer?, The Productivity Institute.
• Andy Westwood, The Return of Industrial Strategy: Why the US and Europe need to Renew Heartlland Communities?, Cogito, 27 January 2023.
• CIPD, An industrial Strategy for the Everyday Economy, Policy Papers, July 2023.
• “Levelling Up through industrial policy, institutions and fiscal mechanisms”, Productivity Puzzles, The Productivity Institute, January 2022.

Diane Coyle and Adam Muhtar, UK’s Industrial Policy: Learning from the Past?, Productivity Insights Paper No. 002, The Productivity Institute. October 2021.

About Productivity Puzzles:

Productivity Puzzles is brought to you by The Productivity Institute, a research body involving nine academic institutions across the UK, eight Regional Productivity Forums throughout the nation, and a national independent Productivity Commission to advise policy makers at all levels of government. It is funded by the Economic and Social Research Council.