'From cutting coal to cutting cloth' in Nantgarw
Wales will not be able to catch up England economically unless it is more ambitious, a top economist has warned.
There is "little evidence" that devolution has had much effect on the Welsh economy, Prof Gerry Holtham says in his report.
The value of the goods and services from Wales was 72.4% of the UK average in 1999 and 72.2% 13 years later.
The Welsh government said it was generating the conditions necessary to create jobs and attract investment.
The report emphasises the need to create wealth from jobs and production within Wales.
BBC Wales economics correspondent Sarah Dickins visited designer office furniture company Orangebox, which stands above the former Nantgarw colliery. It closed in 1987.
She talked to worker Rob Price, who used to work in the mine beneath; to fellow worker Marion Matthews and design manager Gareth Banks.