New wealth for old nations : Scotland's economic prospects / edited by Diane Coyle, Wendy Alexander, and Brian Aschroft.

Format:

Book

Contributor:

Coyle, Diane.

Alexander, Wendy.

Aschroft, Brian, 1947-

Language:

English

Subjects (All):

Regional economics.

Scotland--Economic policy.

Scotland.

Physical Description:

1 online resource (257 p.)

Edition:

Course Book

Other Title:

Scotland's economic prospects

Place of Publication:

Princeton, [N.J.] : Princeton University Press, c2005.

Language Note:

Achinese

Summary:

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.

Contents:

Frontmatter

Contents

Preface

Contributors

Introduction

Chapter One. The Political Economy of Scotland, Past and Present / Alexander, Wendy / Armstrong, Jo / Ashcroft, Brian / Coyle, Diane / McLaren, John

PART 1. GROWTH

Chapter Two SecondWinds for Industrial Regions? / Krugman, Paul

Chapter Three. Four Sources of Innovation and the Stimulation of Growth in the Scottish Economy / Baumol, William J.

Chapter Four. Four Challenges for Scotland's Cities / Glaeser, Edward L.

Chapter Five. The Economic Case for Fiscal Federalism / Hallwood, Paul / MacDonald, Ronald

PART 2. OPPORTUNITY

Chapter Six. Skill Policies for Scotland / Heckman, James J. / Masterov, Dimitriy V.

Chapter Seven. Starting Life in Scotland / Joshi, Heather E. / Wright, Robert E.

PART 3. GOVERNANCE

Chapter Eight. High-Quality Public Services / Crafts, Nicholas

Chapter Nine. Committing to Growth in a Small European Country / Bradley, John

Chapter Ten. Conclusion

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

9786612531620

9781282531628

128253162X

9781400835614

1400835615

OCLC:

593340478