<Para ID="Par1">Expanding entrepreneurial enterprises move from high-cost (congestion, wages and rent) locations where they innovated to low-cost (smaller, less agglomerated) places suitable for standardised production. Net inter-regional relocations of British SMEs are predicted in part by this development...</para>

New economic geography models typically predict centripetal economic development. One process by which this might be brought about is if large companies based in the core of the economy buy up and remove small dynamic enterprises from peripheral regions, thereby suppressing development outside...

In the story of Britain's post-war economic 'slippage', the British motor industry plays a special role. The downfall was so complete and expensive that commentators have vied with each other in condemning every aspect of management responsible for the industry. Rather than reiterating the fact...