Industrial policy change in the post-crisis British economy: Policy innovation in an incomplete institutional and ideational environment

My article on the institutional and ideological context of UK industrial policy in British Journal of Politics and International Relations.

Industrial policy rarely features in analysis of post-crisis economic policy change in Britain, despitemanufacturing featuring centrally in the ‘rebalancing’ narrative espoused by elites since 2008. The article seeks to interrogate the character of recent governments’ approaches to industrial policy and manufacturing industries. It does so through the prism of Peter Hall’s ‘three orders of policychange’ framework, with particular reference to its application to macroprudential regulation by Andrew Baker. The article argues that the framework must be furnished with additional variables, namely, the type of institutional arrangements related to the policy area, and the status of the associated economic activities within the wider growth model, in order to better understand how ideas, institutions and interests interact in processes of policy change. The article finds little evidence of a ‘paradigm shift’ and suggests that innovations in industrial policy have served to
reinforce the foundational assumptions of the British growth model.
Click here to read the full article (open access)