Below is the relative contribution of the manufacturing industry and the public sector to the Welsh economy for the period 1997-2009.
And the graph below is the overall monetary contribution of the manufacturing industry and the public sector (in £million) to the Welsh economy for the same period.
4 comments:
I'd like to see the data. Wonder what the definition of Public Sector includes? Housing Associations? where most income and pension liabilities are guaranteed by government? S4C - through BBC, where again government guarantees pensions, but the licence fee might mean they're not counted as public sector. Wouldn't be suprised if the figure is arguably higher than 27%.
I would have liked some more commentary on this as the data seems to further confirm Professor Phil Cooke's 2003 thesis that the Welsh Government had responded to the loss of productivity in manufacturing by substituting new jobs in the public sector, making Wales increasingly dependent on fiscal transfers from Whitehall. Can you comment?
Richard - data can be found on the ONS website but also have a look at this paper from the CBI which examines this issue
http://www.cbi.org.uk/media/1053900/2011.06-mapping-the-route-to-growth.pdf
Anon - Phil and I discussed this at the time as I had publicly criticised the WG in a speech in 2003 to the ACCA for the focus on public sector job creation. Perhaps it is time to revisit his argument in this week's Western Mail column. Thanks!
I fear that even someone of your ability and knowledge would fail to halt manufacturings decline in Britain if given the chance at this late hour.
Manufacturing has been in serious decline since the sixties it is no new phenomena. Both science graduates in my family have left industry to become chartered accountants, one way back in the late eighties left Rolls-Royce motors saying there was no future for engineering in Britain having heard from collegues of how numerous and advanced the Japanese and German engineers were.
China is currently producing 200,000 graduate engineers a year to our paltry 20,000 (20,000 short of the 40,000 we need).With an abundance of highly trained staff and trillions in cash the western world with exception to Germany who have pursued the path of quality and excellence have no hope in hell of competing with China in the near future.
It will take a generation to turn around a decline that was brought about by poor arrogant management and left wing politically motivated trade unionists.
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