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A Time for ChoosingThe Innovation Economy

A Time for Choosing: The Innovation Economy [Many worry that we have entered a ‘new normal’ of low productivity, or that our economy has become dangerously unbalanced. However, there are many reasons to be optimistic about the future. As a creative and high-skilled economy, we are well placed to benefit from future technology. Attempts to plan for this future or pick winners are likely to prove counter-productive, restricting the competition that is the real driver of increased productivity. Unfortunately, government regulation has created inefficient oligopolies in too many sectors across our economy, including banking, utilities and the media. The most effective competition comes from new entrants, and it is still too hard to start and grow a new business in Britain.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Time for ChoosingThe Innovation Economy

Editors: , ; Kwarteng, Kwasi; Bourne, Ryan; Dupont, Jonathan
A Time for Choosing — Jan 15, 2016

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References (1)

Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2015
ISBN
978-1-137-48256-3
Pages
91 –111
DOI
10.1007/978-1-137-48257-0_5
Publisher site
See Chapter on Publisher Site

Abstract

[Many worry that we have entered a ‘new normal’ of low productivity, or that our economy has become dangerously unbalanced. However, there are many reasons to be optimistic about the future. As a creative and high-skilled economy, we are well placed to benefit from future technology. Attempts to plan for this future or pick winners are likely to prove counter-productive, restricting the competition that is the real driver of increased productivity. Unfortunately, government regulation has created inefficient oligopolies in too many sectors across our economy, including banking, utilities and the media. The most effective competition comes from new entrants, and it is still too hard to start and grow a new business in Britain.]

Published: Jan 15, 2016

Keywords: Industrial Policy; Network Rail; Innovation Economy; National Champion; Sustainable Business Model

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