"To me, the appropriate function of the central bank is to provide generalized liquidity, and not support for particular sectors, which is properly a fiscal policy decision".
I'm not in favor of having the government try to pick winners – or even, once fiscal order is restored, putting government money into any kind of venture fund or providing tax breaks or subsidies for particular sectors.
In Rotherham on Friday to set out the coalition's approach to "rebalancing" the economy, Nick Clegg, the deputy prime minister, derided the industrial policy decisions made in the dying days of the Labour government as a "pick-and-mix" of help for particular sectors.
And then there were specific instructions for particular sectors of the population - like town mayors, police, factory workers and so on," he recalls.
As for particular sectors, Norwest's current portfolio spans consumer services like Spotify, Lending Club, and Gilt Groupe; enterprise businesses like Adaptive Insights, Apigee, and BlueJeans Network; and in healthcare, CareCloud, Health Catalyst and others.
In and among the discussions of an impending crash and dwindling funds in the startup ecosystem, there are still booming pockets of cash available for particular sectors poised to be leaders in 2017.
Government-funded treatment for particular sectors, such as the prisons, the military, or government railway workers, were considered more likely to follow NTP guidelines and thus were not included.
IASC Recommendations The IASC should: develop further guidance on the scale of emergency at which use of the cluster approach is appropriate for particular sectors.
