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Since 1960s,British economy has been declining.What are the

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Since 1960s,British economy has been declining.What are the factors behind this decline?How can Britain recover its economic competitiveness in the world?
不过不是翻译句子,是回答这两个问题,要具体一些,
Since 1960s,British economy has been declining.What are the
There are two broad possibilities.The first is that Britain has had a low social capability.Social capability refers to the ability of a country to exploit existing scientific and technological knowledge.It was subject to a number of influences,ranging from a country's education system to the quality of its management.The second is that Britain had a low growth potential,because of her early economic start and was industrialized much earlier that left her at a disadvantage.