This paper is an outline of recent industrial restructuring which has occurred in Wales and the role of the state through industrial policies in these changes, It is shown that, although the state has made strenuous efforts to attract investment—particularly from overseas—to Wales, it has operated its policies on nationalised industries on narrow profit-or-loss lines irrespective of regional dimensions. The contradiction between the two strands of policy is illustrated with a critical analysis of the treatment of the coal and steel industries and an appraisal of regional policies. New policies for the regions are then described.
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