Lord Peter Mandelson speech to The Labour Party Conference 2009

The transcript discusses the importance of education and skills in the UK, emphasizing that individuals with higher education and skills contribute more to society. It highlights the need for innovation and stronger links between businesses and universities to ensure ideas are not confined to research labs. The text also addresses the necessity of financial support for industry growth and the role of government in facilitating this. Finally, it argues against relying solely on market forces, advocating for a balanced approach where government can help initiate viable projects.

What does the speaker mean by 'financial engineering' and how does it relate to real engineering?

What is the speaker's stance on the role of the market in economic development?