Our exports now go mostly to slow-growing countries. We must reboot the UK economy to focus on emerging economies, now the world’s engine of growth

Both the UK and the Eurozone now have significant problems in achieving sustainable growth and increases in productivity. Danny Quah argues that to really understand our economic difficulties, we must analyse the positions of the UK and European economies in a global context. It is significant that the UK has ended up with most of its exports to economies showing no significant demand growth. To achieve lasting growth, we must unleash the potential of our universities and creative institutions, and most importantly, change our focus to the emerging economies which have the biggest potential for growth