al_yrpal wrote:The UK should concentrate on making high added value products and services. Computer software and tools is a good example.
Al
Why? Germany seems to work well on a full range of products and services. A lot of the cheap stuff like hosepipes sold at Lidl are made in Germany and then they have the likes of Bosch,Siemens, SAP and Daimler AG etc. The high level technology companies keep quite a bit of their manufacturing in Germany as well, unlike say Dyson who make most of their stuff in third world countries.
It's all very well to say high level research and development can be a very profitable line of business but to be successful, rather than just money making, a nations economy needs to provide a full range of jobs for people of all levels of intellect and education.