In the News
1700 jobs go as Redcar steel plant is mothballed
Graham Watson
29th September 2015
The dynamic nature of comparative advantage demonstratedby the decision to 'mothball' the SSI plant in Redcar. Yes, negative regional multiplier effect may be triggered but that's the nature of this sort of thing. However, the government bailing out the steel plant isn't a viable long-term solution - the key to getting the region back on its feet is ensuring the occupational and geographic flexibility of its workforce, tough though that may seem.
You might also like
Understanding the Accelerator Effect
Study Notes
Economics of Falling Milk Prices
11th August 2015
London home to a fifth of the UK's businesses
7th October 2015
Investment and Aggregate Demand
Topic Videos
Regional Economic Data for the UK
22nd August 2017
Synoptic Economics: Falling Unemployment
Topic Videos
Regional economics - Seaside poor health overlooked
21st July 2021
The BEE Network - Manchester's Buses are Renationalised
24th September 2023