The Scottish economy: the development of underdevelopment?

Abstract

Abstract This paper describes the recent economic history of the Scottish economy and uses a synthesised theory of labour market segmentation and the dual economy to identify the origins of the relative decline of Scottish industry and labour over the period, critically evaluating the role of the SDA and of government policy in general. Incorporating the impacts of takeover and merger of indigenous companies, the promotion of the branch plant economy, the selective effects of emigration and training schemes, and the reliance on small and medium sized companies to regenerate the economies of city‐regions, an analysis based on the importance of the centre‐periphery relations of monopoly capitalism for the Scottish economy is undertaken.