Towards more inclusive varieties of capitalism /
Rising inequality in advanced economies is a global challenge and a major factor behind the current wave of geo-political disruption. It has been driven by a polarisation between regions which are creating wealth and benefitting from wealth creation, and those left behind. This justifies a wholesale...
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| Format: | eBook |
| Language: | English |
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Cambridge, United Kingdom ; New York, NY :
Cambridge University Press
2025.
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| Series: | Cambridge elements. Elements in reinventing capitalism.
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| Summary: | Rising inequality in advanced economies is a global challenge and a major factor behind the current wave of geo-political disruption. It has been driven by a polarisation between regions which are creating wealth and benefitting from wealth creation, and those left behind. This justifies a wholesale reinvention of these capitalist systems. Focusing on the UK example, this Element presents evidence of systemic failure, with low productivity alongside higher levels of deprivation in city-regions outside of London. Comparisons show that this is a challenge for other advanced economies. Long term underinvestment in regions has reached a tipping point a centralised governments channels public resources into London, rather than 'levelling-up'. This Element proposes several 'intelligent interventions,' emphasising the need for stronger and more inclusive regional innovation systems, built on a deeper understanding of sustainable local growth pathways. Although based primarily on the UK experience, these policies are relevant beyond the UK context. |
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| Physical Description: | 1 online resource (58 pages) : illustration. |
| ISBN: | 9781009513616 (electronic bk.) 1009513613 |