During the 1960s, and again in the 1970s, growth in manufacturing productivity in the United Kingdom was the lowest of all the seven major industrial countries in the world. During the 1980s, our annual rate of growth of output per head in manufacturing has been the highest of all the seven major industrial countries.
About this quote
- What does it mean?
- UK manufacturing growth was worst among peers in the 60s/70s, best in the 80s.
- In plain terms
- UK manufacturing was worst in 60s/70s, best in 80s.
- What can you take from it?
- Policy shifts changed growth rankings.
Where it applies
Putting it to work
Questions to consider
- Why did rankings shift?
- What policies mattered?
Another view
Growth rates alone don't show long-term health.
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