Economic Growth and Structural Change in the United Kingdom, 1870–1914

1982 ◽  
Vol 42 (1) ◽  
pp. 105-114 ◽  
Author(s):  
William P. Kennedy

The paper presents an estimate of the limits to British economic growth in the period 1870–1914. It is argued that in contrast to the historical experience, vigorous and effective exploitation of the technological possibiites of the period would have required the relative expansion of some sectors—most of which, like engineering, were growing in relative size in any case—and the relative contraction of others. The conservatively estimated gains from such counterfactual sectoral shifts of economic activity were found to be of the order of 25 percent to 50 percent of British GNP in 1913. The paper concludes with a brief consideration of why opportunities of this magnitude were not seized.

2011 ◽  
pp. 2231-2252
Author(s):  
Francesca Andreescu

Underpinning £136 billion of economic activity in the United Kingdom, Britain’s National Mapping Agency is a commercialising public sector organisation having trading fund status and existing in the intersection of two different spheres—the public and the private. Recognised as a leading participant in the geographic information industry, within which it is forging partnerships with key private sector companies, the organisation has enthusiastically grasped e-business as an all-embracing phenomenon and implemented a new strategy that transformed the way it did business. Drawing on longitudinal data gathered over a period of four years, this article explores the processes of strategic and organisational transformation engendered by e-business implementation in this organisation and discusses the successful elements, as well as some of the challenges to its change efforts.


1980 ◽  
Vol 94 ◽  
pp. 31-46

In this analysis of the behaviour of the United Kingdom economy we extend our forecast horizon to the end of 1982. As a consequence it is possible to see a slight upturn in economic activity during the forecast period (table 1) with GDP at the end of 1982 reaching about the same level as it had in the second quarter of this year. This upturn, however, is much too small to prevent the continuing rise in unemployment. Accordingly we expect registered unemployment in Great Britain (excluding school leavers) to reach 2½-2¾ million on a seasonally adjusted basis by the end of 1982. The upturn in activity does mean that the rate of increase in unemployment is likely to diminish but it is not sufficient for unemployment to show any signs of reaching a peak before the end of 1982.


1974 ◽  
Vol 68 ◽  
pp. 46-64

We remarked in our last issue : ‘It is not often that a government finds itself confronted with the possibility of a simultaneous failure to achieve all four main policy objectives—of adequate economic growth, full employment, a satisfactory balance of payments and reasonably stable prices.’ In the context this applied specifically to the United Kingdom, but the possibility is becoming increasingly real for the greater part of Western Europe, with West Germany the most obvious exception, and even for Japan it is less remote than it might quite recently have seemed.


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