Abstract:

CEP report
Investing for Prosperity: Skills, Infrastructure and Innovation
Philippe Aghion, Timothy Besley, John Browne, Francesco Caselli, Richard Lambert, Rachel Lomax, Christopher A. Pissarides, Nicholas Stern and John Van Reenen January 2013
Paper No' CEPSP28:
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Tags: gdp; innovation; infrasstructure; uk economy; skills; apprenticeships; education; government policy

What institutions and policies are needed to sustain UK economic growth in the dynamic world economy of the twentyfirst century? After years of inadequate investment in skills, infrastructure and innovation, there are longstanding structural weaknesses in the economy, all rooted in a failure to achieve stable planning, strategic vision and a political consensus on the right policy framework to support growth. This must change if we are to meet our current challenges and those that may arise in the future.