Machine Tooling in the United Kingdom

Crouch, Colin; O'Mahoney, Joe

doi:10.1093/0199259402.003.0005

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Machine Tooling in the United Kingdom

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Crouch, Colin
Auswärtiges Wissenschaftliches Mitglied, MPI for the Study of Societies, Max Planck Society;
European University Institute, Florence, Italy;

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http://dx.doi.org/10.1093/0199259402.003.0005
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Citation

Crouch, C., & O'Mahoney, J. (2004). Machine Tooling in the United Kingdom. In C. Crouch, P. LeGalès, C. Trigilia, & H. Voelzkow (Eds.), Changing Governance of Local Economies: Responses of European Local Production Systems (pp. 74-98). Oxford: Oxford University Press.

Cite as: https://hdl.handle.net/11858/00-001M-0000-0019-F843-B

Abstract

This chapter examines the decline of the machine-tool industry in the UK. This decline is partially attributed to globalization and the British tradition of a low-cost strategy, short-term investment patterns, and general neglect of manufacturing. It argues that the institutions that can support industrial networks remain weak, despite evidence to the contrary.