This book investigates the relationship between industrial capacity and the achievement of full employment within modern global economies. Edited by John Grieve Smith and Jonathan Michie, the text compiles research from economists across Britain, the USA, and Japan to address the persistent challenges of economic growth and unemployment. The authors propose a framework that links demand management with structural industrial policies to foster sustainable labor market conditions.

Experts recognize this collection as a significant contribution to the discourse on industrial policy and labor market stability. Readers frequently note the academic rigor of the contributors and the practical relevance of the cross-national policy comparisons provided.