There is growing awareness that some fundamental change has for some time been affecting the major European economies, involving a shift of manufacturing away from the developed market economies of Europe towards the developing countries. The following article analyses the process of European...

The view that the productivity performance in UK manufacturing compares unfavourably with that in other European countries is ill-founded. The important conclusion from this analysis is that the fundamental problem in UK manufacturing has been the low level of investment. This would seem to...