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Editorial: Without one, the country risks missing out on the opportunities offered by the green transition and new technologies
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Scooped by Hayden Richards |
Scoop.it!
Hayden Richards's insight:
This Guardian article discusses the lack of a proper industrial strategy in the UK and highlights the risks associated with the country's inaction. It criticizes the government's adherence to laissez-faire assumptions and emphasizes the shifting policy consensus towards proactive government intervention in promoting innovation and shaping national markets.
It cites examples of countries like the US and the EU using their economic heft to support their industries in the green transition. It warns that without proactive measures, the UK risks falling further behind and mentions the uncertain future of the domestic electric car industry and the potential impact on the green hydrogen sector.
The article concludes by suggesting the establishment of a royal commission to develop a long-term industrial strategy and calls for better economic understanding and utilization of expert advice.
Key Takeaways:
1. Lack of a coherent industrial strategy
2. Shifting policy consensus
3. Risks of falling behind
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