Forty turbulent years: How the Fraser Economic Commentary recorded the evolution of the modern Scottish economy: Part 3: The 'Nice' decade turns nasty; banking armageddon; and the politics of austerity, 2001 – 2015

Alf Young

Research output: Contribution to journalArticle

Abstract

The recent economic history of Scotland, its performance and place within the UK and international economy can be traced through the pages of the Fraser of Allander Economic Commentary. Created in 1975 by a private bequest from Sir Hugh Fraser, a prominent Scottish businessman, the Fraser of Allander Institute has provided a continuous commentary on the economic and related policy issues facing Scotland over the period. In this the fortieth anniversary of the Fraser of Allander Institute, this is the last of three articles which chart Scotland’s transformation from an economy significantly based on manufacturing (and mining) to one that saw rapid deindustrialisation (in terms of employment, less so output), the discovery of oil and the rapid transformation of its business base with the impact of both merger and acquisition (M&A) activity as well as the varied impacts of successive governments’ industrial and regional policies.
LanguageEnglish
Pages68-76
Number of pages9
JournalFraser of Allander Economic Commentary
Volume39
Issue number2
Publication statusPublished - Nov 2015

Fingerprint

Economics
Banking
Scotland
Bequests
Oil
Economic history
Industrial policy
Charts
Deindustrialization
Government
International economy
Regional policy
Mergers and acquisitions
Manufacturing

Keywords

  • Scottish economic conditions
  • Scottish economy
  • Fraser of Allander

Cite this

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