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Why Isn't Wales Richer?

This paper examines the extent to which economic changes in Wales during the 1980s and early 1990s have impacted upon the main indicator of regional prosperity (GDP per head). The paper shows that the economic "successes" of Wales, in terms of inward investment attraction, infrastructure development and manufacturing growth, are yet to be translated into sustained improvements in relative GDP per capita. The general implications of the Welsh case for regional development strategy are examined in the conclusions.