The Scottish economy [July 1981]

N. Fraser, D. Hamilton, F. Harrigan, A. Jowett, I. McNicoll, L. Moar, N. O'Donnell, I. Orton, D. Simpson, E. Tait, J. Walker, N. Fraser (Editor)

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    The current economic situation is extremely depressed and recent events suggest that, without significant increases in economic activity, the political and social fabric of this country may be several strained. However, as argued in the UK section, the prospects for recovery are bleak and reliance on a purely financial strategy to restore growth is in itself inadequate. The source of real economic growth lies in the ability of labour, capital and enterprise to come together in a manner conducive to increased productivity over time. It is therefore worthwhile examining these factors of production to determine the effect of current policies upon them.
    Original languageEnglish
    Pages (from-to)6-25
    Number of pages20
    JournalQuarterly Economic Commentary
    Issue number1
    Publication statusPublished - Jul 1981


    • Scottish economic growth
    • economic conditions
    • Scottish economic performance
    • Scottish gross domestic product (GDP)
    • industrial output
    • Scottish labour market trends
    • employment patterns
    • recession economics


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