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ArtikelLess Paper, More Iron; Rebalancing the Economy  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8741 (Jul. 2011), page 50.
Topik: Industrial Policy; Economic Development; Economic Policy; Manufacturing
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  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.67
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Isi artikelUK Chancellor George Osborne's championing of industry (Britain must "make things again", he keeps saying) is odd for a free-market Conservative, and a measure of how much the country has changed since the financial crash. In good times, politicians only faced issues of distribution: how to spend the tax receipts from a booming banking sector. They are now grappling with questions of production: where will, and should, growth come from? The popular answer is industry, rather than flighty finance. Unlike the British banks, whose combined balance-sheets dwarf the national economy, manufacturers do not require ruinous state bail-outs. Their wares have a plain usefulness that the frothier bits of finance cannot match. An industrial revival would scatter wealth around a country currently dominated by London and the south-east. There are telling prompts abroad, too. As Britain slouches its way out of recession, Germany zooms by, propelled in part by its export industries. Exactly how Britain can achieve this rebalancing is less obvious
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