“Re-shoring” key to West’s economic recovery: Cameron – Yahoo News UK

English: David Cameron, Prime Minister of the ...

English: David Cameron, Prime Minister of the United Kingdom and leader of the Conservative Party (Photo credit: Wikipedia)

This is an important story reported by AFP.

via “Re-shoring” key to West’s economic recovery: Cameron – Yahoo News UK.

As usual, David Cameron will be keen to grab the headlines but what about the substance to the idea of re-shoring, especially to the UK?

Here are a few random thoughts:

  • Labor costs in Europe will need to fall significantly to re-shore from India and China – this will need to include deregulation, job-flexibility, liberalization of work practices
  • Enormous effort to energize the domestic work force to compete effectively on skills, dexterity, flexibility, and capacity to work hard and for long hours
  • Massive fiscal incentives to promote the re-shoring of jobs and related investment
  • Strategic investment in Europe’s major energy opportunities, including offshore gas and oil in Cyprus

Given the omni-shambles across government of David Cameron’s record in office, I struggle to see him promoting serious policy options to encourage the -re-shoring of jobs. For me, the overarching strategy of David Cameron’s government has been austerity.

Any thoughts?

Enhanced by Zemanta

2 responses

  1. Pingback: Opinion: “Re-shoring” key to West’s economic recovery: Cameron – Yahoo News – John Gelmini « Dr Alf's Blog

  2. Dr Alf is correct and the stories about re-shoring, whilst interesting, do not amount to very much because they have happened purely because of rising shipping costs and public backlash against Indian call centers.

    There are still 50 people needing a job for every vacancy and in Davos they are talking about the effect of new technologies on all jobs which will be to halve them within 20 years.

    The UK police have asked for water cannon to deal with future riots in 2015 following the next round of austerity measures following the election.

    They have done so on the basis of what they know and think will happen not on vague assertions by David Cameron whose statements bear less and less resemblance to reality.

    Already, we know that the figures for crime are fiddled downwards from no less a source than the police themselves, talking to a House of Commons Committee. The same is true of unemployment, immigration and the Government’s assertions about creating 1 million new private sector jobs.

    Many of these “jobs” are re-categorizations of county council employees, who now work for Capita and Serco doing exactly the same role, re-categorization of police and NHS staff, doing the same job and part time roles of more than 1 hour a week.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: