THE INDUSTRIAL RESTRUCTURING OF SOUTH WALES: THE CAREER OF A STATE MANAGED REGION

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Abstract
This paper examines the causes of the current economic crisis in the industrial region of South Wales. The authors maintain that past as well as current government policies have played a major role in bringing about the crisis by contributing to the vulnerability of communities in South Wales. The authors review the history of the policies which have contributed to the current steel and coal crises. They then provide a brief discussion of current legislative policies designed to combat the crises. Finally, they critique alternative strategies: continued monetarism; a return To Keynesian/‘corporatist’ policies; and the radical restructuring demanded by an ‘Alternative Economic Strategy’ (AES).

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