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Are you fascinated by how people manage to earn a living? Does an economy built on services, where none of us seems to do much of anything besides go to meetings and e-mail each other, completely confuse you? How is it that we manage to buy houses and cars and computers if we don't really make anything?
For answers to these questions, and more, the best place to visit is Britain. Why? Because England has gone further down the road of creating a services based economy than the U.S., Germany, Japan or other wealth countries. The birthplace of the Industrial Revolution, the workshop of the world, is the poster child of the service economy of tomorrow.
I really liked Made in Britain. I'm hoping that Evan Davis franchises the book. A "Made in France" and a "Made in South Korea" and a "Made in the USA". The book grew out of Davis' BBC production of the same name. You can find the episode online, but apparently the BBC does not let North American's view their online video. (Can anyone help?)
The British economy is strong in areas of finance, pharmaceuticals, marketing / design, defense and higher education. Problems exist, such as persistent underinvestment in research and development, too little savings, and too much borrowing. Housing continues to absorb too many investment dollars. The finance sector is probably too large. The U.S. can learn much from Britain's economic strengths and weaknesses, and Made in Britain is a great place to start.
1 of 1 people found this review helpful
It is a question often asked in a conversation, and then everyone starts to moan that "we don't make anything anymore". The book blows this myth to smithereens by showing what we do make and how well our products are received globally; however it is balanced with what we don't make, and why we don't make those things any more.
The UK's economics and our societies' culture (and to a certain extent its psychology) are examined, indicating why we have a trade deficit and prefer offices to manufacturing.
I'm abbreviating heavily here. This book deserves much more of your time and attention. Evan Davis narrates himself, and I've always found programs or documentaries of his on TV engaging, entertaining and easy to understand. He brings all this to the book; if you're a fan of his style, you'll love the book.
This was one of those audiobooks I didn't want to end.
3 of 3 people found this review helpful
I really enjoyed this. Easy to listen to and straightforward to follow, interesting throughout, balanced and also with a number of surprises. If the French have car brands and we don't, does it mean they have a larger auto industry? Well, cars are made up of components from all over the world, and the UK supplies a few. Also the retail distribution of cars is an important and essential part of the auto industry value chain. Wheels within wheels.
2 of 2 people found this review helpful