THE PROBLEM OF REGIONAL "HOLLOWING OUT" IN JAPAN : LESSONS FOR REGIONAL INDUSTRIAL POLICY

This paper considers the problems of "hollowing out" using a Case Study of Japan's machinery sector. In doing so, it explores the roots of the present crisis by focusing upon the role played by Japan's large transnational corporations. This is important because these corporations are the "central actors" within the Japanese economy and they control a significant proportion of Japanese manufacturing. It is their strategic decisions - those that determine the level and location of investment, employment and output - which ultimately shape the development path for Japanese industry (see Cowling and Sugden, 1994, 1998). In recent years, Japan’s large transnationals have become engaged in the process of elite globalisation, pursuing their own interests at the expense of domestic Japanese industry. This is a fundamental insight that is crucial for designing appropriate policy responses to arrest Japan's current industrial decline. It is argued that the lessons from Japan's experience might guide policymakers in other regions, such as Wisconsin, who are concerned with future industrial development, the effects of globalisation and problems of "hollowing out".Machinery sector ; strategic-decision making ; strategic failure ; industrial policy.

Levelling up or down? Addressing regional inequalities in the UK

The UK has the widest regional inequalities among the advanced industrial economies. These regional inequalities are not new, but the persistence of the so-called North-South divide has become more prominent in the public eye. The post-Brexit landscape was aligned with the political rhetoric of ‘levelling up’, although this was only vaguely defined. While related to tackling regional inequalities, there has been much ambiguity around the various dimensions of ‘levelling up’, and the scale of its ambition. Moreover, the recent UK government White Paper provides little indication of which alternative paths (weaker) regions should take to address the country’s long-standing inequalities. Indeed, the approach seems to implicitly accept the status quo, especially given that the minutiae detail of achieving ‘levelling up’ and recognition of interregional dynamics was largely missing. ‘Levelling up’ clearly invokes huge challenges, not least because the UK’s regional inequalities are not only wide, but longstanding. The papers in this special issue highlight some of these challenges and some potential new policy directions. We offer this collection as useful food for thought for both academics and policymakers from across the political spectrum as we continue to tackle the issues surrounding uneven regional economic growth, development, and opportunity.</p

The potential of coworking spaces to stimulate local growth outside of major cities

This report “The potential of coworking spaces to stimulate local growth outside of major cities” is a briefing to local and national policymakers. It identifies more specifically, the contribution CWSs can make to various levels of community: the community within the CWS, the local business community around it, and the wider social community in which they reside. It also identifies areas in which the government could offer more support. The potential value CWSs bring to each level of community means they deserve to have greater attention from local and national policymakers as they grapple with how to stimulate local growth and prosperity across the UK

The potential of coworking spaces to stimulate local growth outside of major cities

This report “The potential of coworking spaces to stimulate local growth outside of major cities” is a briefing to local and national policymakers. It identifies more specifically, the contribution CWSs can make to various levels of community: the community within the CWS, the local business community around it, and the wider social community in which they reside. It also identifies areas in which the government could offer more support. The potential value CWSs bring to each level of community means they deserve to have greater attention from local and national policymakers as they grapple with how to stimulate local growth and prosperity across the UK

The Rapid Rise of Rural Coworking in England:sharing experiences for mutual learning

This report “The rapid rise of rural co-working in England: sharing experiences for mutual learning” is a briefing for industry. It identifies the activities undertaken across a range of CWSs and collates them to provide insights and suggestions to other CWS owners and managers about the best practices we observed, so that these might be considered by those who do not currently adopt them and strengthen the role of their CWS to its local economy further

Place-Based Industrial and Regional Strategy – Levelling the Playing Field

Over the past decade there has been renewed interest in the role of industrial strategy in enhancing innovation, productivity, and competitiveness within and across firms, sectors and regions with an eye to fostering more balanced regional economic growth. This special issue explores how policymakers could adopt place-based industrial policy measures to foster regional catch up and a more balanced and cohesive regional growth. In doing so, the papers are a mix of contributions that develop theory, provide evidence and highlight ‘state of the art’ or good practice that can inform a level playing field fostering regional industrial strategy

Place-Based Industrial and Regional Strategy – Levelling the Playing Field

Over the past decade there has been renewed interest in the role of industrial strategy in enhancing innovation, productivity, and competitiveness within and across firms, sectors and regions with an eye to fostering more balanced regional economic growth. This special issue explores how policymakers could adopt place-based industrial policy measures to foster regional catch up and a more balanced and cohesive regional growth. In doing so, the papers are a mix of contributions that develop theory, provide evidence and highlight ‘state of the art’ or good practice that can inform a level playing field fostering regional industrial strategy.</p

Industrial organisation, the degree of monopoly and macroeconomic performance – a perspective on the contribution of Keith Cowling (1936-2016)

Keith Cowling became a pioneer and key figure in a number of areas in industrial economics, including mergers and acquisitions, advertising, the theoretical determination of Structure, Conduct Performance (SCP) relationships and the welfare losses of monopoly power. He was informed and motivated by real life challenges of real life people and aimed to find solutions that fostered social welfare by leveraging the power of theory and evidence. In mainstream IO he was mostly famed for his work on SCP and monopoly power. Building upon this contribution, Keith also became renowned for being critical of contemporary capitalism, arguing that its concentration tendencies rendered it prone to abuse of corporate power and paved the way to stagnation and crises. In doing so, he provided an insight into how the micro (firm and industry) level-foundations of the industrial economy impacted upon macro-economic performance. He cross-fertilised mainstream and radical approaches to economics and was widely respected for his conceptual, mathematical and empirical rigour. In this paper, we highlight his major contributions in the fields of IO, international political economy and public policy