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Industrial strategy and manufacturing strategy: resource allocation and the role of value chains
Date: 24 October 2017
Time: Registration opens at 17:30. The talk will be followed by drinks and networking.
Venue: Institute for Manufacturing, Charles Babbage Road
Speaker: Professor Alan Hughes
This event is free to attend, you can register your attendance here.
The publication of the UK government’s green paper on industrial strategy has reignited the debate about the basis on which industrial policy support should be allocated across sectors, technologies and/ or missions. It has also led to a rehearsal of old arguments about the impossibility of “picking winners” and selective support policies.
In this talk Alan will first argue that within any industrial strategy for the UK there must be a recognition of the particular role played by manufacturing in the overall economic performance of the UK and in particular its trade performance. Alan then argues that support policy must involve allocation decisions in using scarce support resources. These decisions (whether sector, technology or mission specific) should be based on a detailed granular understanding of that policy’s set of value chain implications. Alan argues that strategic support policies must be focused on developing activities which generate significant value added which accrues in the UK. This new value chain perspective should be central to any industrial or manufacturing strategy for the UK.
This event is free to attend, you can register your attendance here.
Banner image - PPG Manufacturing by Jack Baldwin for TheLeadSA on Flickr licensed under CC BY 4.0