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Digital Subscriptions > Prospect Magazine > Jan-18 > The patchwork economy

The patchwork economy

Globalisation should work for people, not vice versa

For decades, Britain has been crying out for an industrial strategy. Our infrastructure is poor, our workforce lacks the skills we need, inequality has soared, and wages have stagnated for a decade.

Globalisation has brought prosperity for some, but many others have seen wellpaid, skilled jobs disappear. They have felt abandoned by successive governments, as they watched infrastructure investment flow into London and a few other urban centres.

Regional inequalities are not inevitable, but the result of an economy that has overcentralised power, and deprived communities of investment. Many towns simply do not have the power and cash to create good quality jobs close to home.

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About Prospect Magazine

In Prospect’s January 2018 issue: Five writers attempt to plot the impending advances in shopping, politics, sex, food and computing through 2018. James Plunkett looks at shopping and explains how personalised prices will hand even more power to the big companies; Theo Bertram outlines why political volatility is here to stay and what it means for us; Kate Devlin argues that sex robots are only a part of the impending sexual revolution; Stephanie Boland outlines why we’ll all end up eating lab grown food; and Jay Elwes explains the next steps in our computing quantum leap. Elsewhere in the issue: Dani Rodrik uncovers the truth behind the great globalisation lie—there were always going to be losers, Iona Craig delves into the war in Yemen—the world’s worst humanitarian disaster, Chris Tilbury explains why Britain urgently needs a plan for its failing prisons
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