Getting on Track

Daniel Drache

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Social democrats have always understood that business will act differently if the rules governing economic life are changed: it is...

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Social democrats have always understood that business will act differently if the rules governing economic life are changed: it is not because they share a commitment to gender equality that Scandinavian employers pay women and men wages that are virtually equal -- they do so because those are the rules. A modern NDP government must take immediate steps to define a coherent industrial strategy. It must devise new policies and develop industrial arrangements to change the ways firms behave, corporations invest, labour markets function, and companies compete. Piecemeal measures, the contributors to this collection insist, are not going to make the industrial sector more efficient. According to them, a redefinition of industrial strategy will only work if higher rates of growth in productivity are institutionalized and entire sectors produce differently than they do now -- without cutting wages or making labour markets more competitive than they already are.