Scotland Analysis Business And Microeconomic Framework
- The Department for Business, Innovation and Skills
- TSO (The Stationery Office)
The paper 'Scotland Analysis Business And Microeconomic Framework (Cm. 8616)' is the fourth in the Scotland analysis series, exploring the strong economic integration between Scotland and the rest of the UK, and the consequences of Scottish independence for the UK business environment; it explains the benefits of the current UK framework, which minimises the costs and risks that Scotland would otherwise be exposed to.
The integration within the UK's domestic market brings benefits to all, the size and scale of the market brings opportunities for trade, moves jobs, enables collaborations to develop new and future technologies, travel and communications efficiently as well as benefitting from economies of scale.
Effective common regulations and institutions, a unified labour market, a shared knowledge base and integrated infrastructures are central to the success of this unified domestic market. However as much as an independent Scottish state seeks to stay aligned with regulations and institutions in the continuing UK, a single market within two separate states is not the same as a fully integrated domestic market.
Divergence and fragmentation would likely lead to short-term and long-term costs, and prolonged uncertainties for businesses and consumers.
|Format||Paperback||Published||02 Jul 2013|
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