Society, Politics & Law
  • Audio
  • 5 mins
  • Level 1: Introductory

Leslie Budd on... design

Updated Thursday 1st July 2010

From outside the Design Museum in London, Leslie Budd looks at the celebration of design in Britain, past and future. He suggests design can help economy growth in the aftermath of a global recession.

Video

Copyright The Open University

Audio

Copyright The Open University

Text

Here at the Design Museum, we witness the pre-eminence of design in Britain’s past and its future.  But this public celebration of design begs the question whether it’s now central to the regeneration and re-engineering of a modern economy in the aftermath of the global recession.  In the last decade there’s been unprecedented economic growth, but we now know this was partly created by a financial bubble.

As many advanced economies move away from engineering and manufacturing, can design come to their aid in rebalancing and regenerating their economies?  This is a lesson learned by many emerging economies as they seek to go along a different development path.  In Shanghai, we see high-speed magnetic levitation trains and a design that was invented in Britain.  Clive Sinclair’s C5 electric tricycle was ridiculed when it was first launched in 1985, but its design lives on in the electric cars of today.

Perhaps we’ve all been seduced or distracted by the knowledge economy.  The bottom line is we should dispense with the nonsense in the knowledge economy and acclaim the design economy in which nuts and bolts and widgets of the old combine with the new.  

That’s my view.  You can join the debate with The Open University.

 

For further information, take a look at our frequently asked questions which may give you the support you need.

Have a question?

Other content you may like

The Bottom Line - Inventors Copyrighted image Icon Copyright: Firebrandphotography | Dreamstime.com article icon

TV, Radio & Events 

The Bottom Line - Inventors

In this episode of The Bottom Line, Evan Davis and guests discuss the process of designing a product and getting it onto the market. 

Article
OU on the BBC: The Bottom Line – The sharing economy Copyrighted image Icon Copyright: Dreamstime article icon

TV, Radio & Events 

OU on the BBC: The Bottom Line – The sharing economy

Making money in the 'sharing' economy is discussed by Evan Davis and guests.

Article
Re-Manufacturing the Boring but Smart Economy? Copyright free image Icon Copyright free: By Eric Sakalowsky (Cyfac International) [Public domain], via Wikimedia Commons article icon

Society, Politics & Law 

Re-Manufacturing the Boring but Smart Economy?

How can economies remain competitive when challenged by those with cost advantages?

Article
Leslie Budd on... the mixed economy Copyrighted image Icon Copyright: Sharpshot | Dreamstime.com video icon

Society, Politics & Law 

Leslie Budd on... the mixed economy

Leslie Budd takes a look at the roles of both the public and private sectors within the mixed economy

Video
5 mins
The knowledge economy is dead! Long live the design economy! Copyrighted image Icon Copyright: Slavenko Vukasovic [Dreamstime] article icon

Society, Politics & Law 

The knowledge economy is dead! Long live the design economy!

Leslie Budd trumpets the change: The knowledge economy is dead! Long live the design economy!

Article
Leslie Budd on... theft or investment? Copyrighted image Icon Copyright: BBC audio icon

Society, Politics & Law 

Leslie Budd on... theft or investment?

For some, it is an outrage to even consider it; others, it's the one true holder of value. Is property theft or investment?

Audio
5 mins
Evan Davis: Reflections on the British Economy Copyrighted image Icon Copyright: The Open University video icon

Society, Politics & Law 

Evan Davis: Reflections on the British Economy

An overview of the British economy - and the risks and opportunities for the future - from Evan Davis.

Video
45 mins
Unaltered questions – and a worrying change of answers Copyrighted image Icon Copyright: Michel Loiselle | Dreamstime.com article icon

Society, Politics & Law 

Unaltered questions – and a worrying change of answers

In June 2013, the UK is hosting a major gathering of world leaders as they aim to map out the path to economic recovery.

Article
Giddens and me Copyrighted image Icon Copyright: Sue Hemmings article icon

Society, Politics & Law 

Giddens and me

Sue Hemmings revisits the economics text books of her 1970s student days, re-reading them from a 21st century perspective.

Article