LEADER 04532nam 22006614a 450 001 9910781074303321 005 20230616235746.0 010 $a1-282-53162-X 010 $a9786612531620 010 $a1-4008-3561-5 024 7 $a10.1515/9781400835614 035 $a(CKB)2550000000007403 035 $a(EBL)485757 035 $a(OCoLC)593340478 035 $a(SSID)ssj0000340914 035 $a(PQKBManifestationID)11947693 035 $a(PQKBTitleCode)TC0000340914 035 $a(PQKBWorkID)10408086 035 $a(PQKB)11060283 035 $a(MiAaPQ)EBC485757 035 $a(MdBmJHUP)muse36437 035 $a(DE-B1597)446347 035 $a(OCoLC)979754664 035 $a(DE-B1597)9781400835614 035 $a(Au-PeEL)EBL485757 035 $a(CaPaEBR)ebr10367256 035 $a(CaONFJC)MIL253162 035 $a(EXLCZ)992550000000007403 100 $a20041012d2005 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aNew wealth for old nations$b[electronic resource] $eScotland's economic prospects /$fedited by Diane Coyle, Wendy Alexander, and Brian Aschroft 205 $aCourse Book 210 $aPrinceton, [N.J.] $cPrinceton University Press$dc2005 215 $a1 online resource (257 p.) 300 $aDescription based upon print version of record. 311 $a0-691-12256-3 320 $aIncludes bibliographical references. 327 $t Frontmatter -- $tContents -- $tPreface -- $tContributors -- $tIntroduction -- $tChapter One. The Political Economy of Scotland, Past and Present / $rAlexander, Wendy / Armstrong, Jo / Ashcroft, Brian / Coyle, Diane / McLaren, John -- $tPART 1. GROWTH -- $tChapter Two SecondWinds for Industrial Regions? / $rKrugman, Paul -- $tChapter Three. Four Sources of Innovation and the Stimulation of Growth in the Scottish Economy / $rBaumol, William J. -- $tChapter Four. Four Challenges for Scotland's Cities / $rGlaeser, Edward L. -- $tChapter Five. The Economic Case for Fiscal Federalism / $rHallwood, Paul / MacDonald, Ronald -- $tPART 2. OPPORTUNITY -- $tChapter Six. Skill Policies for Scotland / $rHeckman, James J. / Masterov, Dimitriy V. -- $tChapter Seven. Starting Life in Scotland / $rJoshi, Heather E. / Wright, Robert E. -- $tPART 3. GOVERNANCE -- $tChapter Eight. High-Quality Public Services / $rCrafts, Nicholas -- $tChapter Nine. Committing to Growth in a Small European Country / $rBradley, John -- $tChapter Ten. Conclusion 330 $aNew 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. 517 3 $aScotland's economic prospects 606 $aRegional economics 607 $aScotland$xEconomic policy 615 0$aRegional economics. 676 $a330.9411 701 $aCoyle$b Diane$0145624 701 $aAlexander$b Wendy$01509106 701 $aAschroft$b Brian$f1947-$01509107 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910781074303321 996 $aNew wealth for old nations$93740708 997 $aUNINA