where can the west midlands economy go?
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Where can the West Midlands economy go?. Mike Haynes Professor of International Political Economy. The Recent Past: Restructuring or Distorting the UK Economy?. Coalition Fairytales? – How the Sun viewed the situation in Spring 2011. - PowerPoint PPT PresentationTRANSCRIPT
Where can the West Midlands economy go?
Mike HaynesProfessor of International Political Economy
The Recent Past: Restructuring or Distorting the UK Economy?
Coalition Fairytales? – How the Sun viewed the situation in Spring 2011
UK’ s actual performance is very poor - last three quarters to summer 2011
A Tale of Two Great Depressions in UKGDP Index by Quarter 1930s and 2008 to date
85
90
95
100
105
110
1930s
Currentdepression
Looking More Nasty?
The West Midlands and the Black Country
Impressive Past?
Heritage Trail Future?
A Low Value added Region?
Uncertain Futures
Issues ‘Structural Vulnerability’, ‘Long term structural decline’
1. Falling relative GVA since 1975 compared to national average
2. Unemployment3. Missing high growth firms4. Skills gaps5. Deprivation6. Environment
(a) What needs to be done and who can deliver? (b) Is less more or even less?(c) Will more of the same work?
i54 Good news thanks to Tata but ‘a Car Plant does not one summer
make’
Thank you
• This presentation is available online at http://www.wlv.ac.uk/uwbs80years