The British Economy: Can We Build a Successful Future? - Jagjit Chadha

0:00 // Introduction & Lecture Overview 1:24 // The State of the British Economy 2:48 // Productivity: The Central Challenge 4:12 // How Does Britain Compare Internationally? 5:36 // Why Has Productivity Growth Stalled? 7:00 // Business Investment: Why Is It So Low? 8:24 // Infrastructure Deficiencies 9:48 // Skills, Training, and the Education Gap 11:12 // The Dominance of the Financial Sector 12:36 // Regional Inequality: The Persistent North-South Divide 14:00 // Trade, Brexit, and the External Challenge 15:24 // Fiscal Policy and the Deficit 16:48 // What Active Industrial Policy Could Achieve The challenges faced by the UK are very large. And they have not been convincingly challenged for a generation or more. We may have suffered from short-termism and an inability to develop a balanced economy. In this final lecture we will consider whether we can plot a more successful future than our recent history might suggest and what that implies for our economic and political institutions. The transcript and downloadable versions of the lecture are available from the Gresham College website: https://www.gresham.ac.uk/lectures-an... This event was on Thu, 07 Jun 2018 Jagjit Chadha was the Mercers’ School Memorial Professor of Commerce at Gresham College from 2014-2018. Gresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham's mission, please consider making a donation: https://gresham.ac.uk/support/ Website: https://gresham.ac.uk Twitter:   / greshamcollege   Facebook:   / greshamcollege   Instagram:   / greshamcollege