As economic growth remains weak and export markets elusive, there has been increased interest from politicians of all parties in the benefits of a more active industrial policy.
The goal is a revitalised economy that ensures balanced growth across regions and industrial sectors. But how can we achieve this? And what lessons can we learn from history about pursuing a more hands-on approach to fostering economic growth?
Leading economic historian Nick Crafts will discuss the economic case for and against industrial policies, drawing on the British experience and will examine why globalisation means we need radical rethink of industrial policy in the 21st century.