Is Declining Dynamism to blame for our Productivity woes?

Over the past decade, we have seen a historic slowdown in productivity growth. While there is some cause for optimism based on the rapid adoption of tech during the pandemic, boosting productivity should still be the top priority for any government. After all, more than anything else, it is what determines wages and living standards…. Read more

The end of the beginning, or the beginning of the end for UK trade?

2020 was a terrible year for UK trade. Overall, UK exports in goods contracted by almost 15%, down by £54.5 bln[i] in the twelve-month period, this is even worse than the contraction seen in the UK economy as a whole, which was just under 10% in GDP terms. [ii] Furthermore, the early 2021 bilateral trade… Read more

Innovating places

Climbing a mountain, travelling North or spending time near the sea we all become aware of differences in the climate. In some places configurations of landscape create specific micro-climates, which create conditions of warmth or shelter allowing plants and gardens to flourish. Recent research suggests that business innovation may work in a similar way, with… Read more