The Political Economy of Small European States

And Lessons for Scotland

Research output: Contribution to journalArticle

7 Citations (Scopus)
7 Downloads (Pure)

Abstract

An independent Scotland would be a small European state. Small states may be at a disadvantage in world markets but can also adapt successfully. There are different modes of adaptation, notably the market-liberal mode and the social investment state. Either mode is dependent on internal institutions, social relationships and modes of policymaking. It is not possible to pick and choose items of different models since they have an internal coherence. The Scottish White Paper on independence supports the social investment state. Scotland has some, but not all, of the prerequisites for this so that independence would require internal adaptation.
Original languageEnglish
Pages (from-to)54-66
Number of pages14
JournalNational Institute Economic Review
Volume227
Issue number1
DOIs
Publication statusPublished - 6 Feb 2014

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Political economy
Scotland
Disadvantage
World market
Policy making
Small states
Social relationships

Keywords

  • Scotland
  • globalisation
  • political economy

Cite this

The Political Economy of Small European States : And Lessons for Scotland. / Keating, Michael; Harvey, Malcolm.

In: National Institute Economic Review, Vol. 227, No. 1, 06.02.2014, p. 54-66.

Research output: Contribution to journalArticle

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