Scotland's Economic Prospects
Buch, Englisch, 256 Seiten, Format (B × H): 161 mm x 240 mm, Gewicht: 602 g
ISBN: 978-0-691-12256-4
Verlag: Princeton University Press
New Wealth for Old Nations provides a guide to policy priorities in small or regional economies. It will be of interest to policymakers, students, and scholars seeking avenues to improved growth, greater opportunity, and better governance. Some of the world's leading economists combine their research insights with a discussion of the practicalities of implementing structural reforms. Scotland is the ideal case study: the recent devolution of government in the United Kingdom offers a natural experiment in political economy, one whose lessons apply to almost any small, advanced economy. One fundamental conclusion is that policy can make a big difference to long-term prosperity in small economies open to flows of knowledge, investment, and migrants. Indeed the difficulty in introducing growth-oriented policies lies more in the politics of implementing change than in the theoretical diagnosis. Public sector governance is consequently a key issue in creating a pro-growth consensus. And faster growth must be seen to improve opportunities for the population as a whole. Further, setting out the evidence--as this book does for Scotland--is vital to overcoming entrenched institutional barriers to policy reform. The first chapter is by Jo Armstrong, John McLaren, and the editors; and the subsequent chapters are by Paul Krugman, William Baumol, Edward Glaeser, Paul Hallwood and Ronald MacDonald, James Heckman and Dimitriy Masterov, Heather Joshi and Robert Wright, Nicholas Crafts, and John Bradley.
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
- Sozialwissenschaften Politikwissenschaft Regierungspolitik Sozialpolitik
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Volkswirtschaften einzelner Länder und Regionen
- Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
Weitere Infos & Material
Preface vii
List of Contributors ix
Introduction 1
Chapter One: The Political Economy of Scotland, Past and Present by W. Alexander, J. Armstrong, B. Ashcroft, D. Coyle, J. McLaren 11
PART 1. GROWTH 33
Chapter Two: Second Winds for Industrial Regions? by P. Krugman 35
Chapter Three: Four Sources of Innovation and the Stimulation of Growth in the Scottish Economy by W. J. Baumol 48
Chapter Four: Four Challenges for Scotland's Cities by E. L. Glaeser 73
Chapter Five: The Economic Case for Fiscal Federalism by P. Hallwood and R. MacDonald 96
PART 2. OPPORTUNITY 117
Chapter Six: Skill Policies for Scotland by J. J. Heckman and D. V. Masterov 119
Chapter Seven: Starting Life in Scotland by H. E. Joshi and R. E. Wright 166
PART 3. GOVERNANCE 187
Chapter Eight: High-Quality Public Services by N. Crafts 189
Chapter Nine: Committing to Growth in a Small European Country by J. Bradley 210
Chapter Ten: Conclusions 232
