Structural change under New Labour
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Coutts, Ken
Glyn, Andrew
Rowthorn, Bob
Abstract
The paper examines specific features of structural change in the UK since 1997, contrasting the decline in industrial jobs with the rise in a variety of service jobs. It examines the proximate causes of structural change, in particular whether the chronically slow growth of manufacturing output in the 1980s has persisted. The implications of this structural change are considered, particularly the effects on the balance of payments and regional employment patterns. The paper suggests that the main impact of government policies on regional employment may have been through the direct and multiplier effects of public expenditure.
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Keywords
Structural Change, Deindustrialisation, Balance of Payments, Regional Employment, New Labour Economic Policies
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