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Abstract for:

Investing for Prosperity: Skills, Infrastructure and Innovation

Philippe Aghion,  Timothy Besley,  John Browne,  Francesco Caselli,  Richard Lambert,  Rachel Lomax,  Christopher Pissarides,  Nick Stern,  John Van Reenen,  January 2013
Paper No' CEPSP28: Full paper (pdf)
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.