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‘Arc of Prosperity’ ...it’s back

SOME EIGHT years ago at Harvard University Alex Salmond, then First Minister, described his ambition for Scotland to become a “Celtic Lion” economy. In that speech he suggested that we could join with the other small, dynamic trading nations of northwestern Europe in what he termed an “arc of prosperity;” a crescent of agile and growing economies reaching from Iceland and Ireland in the North Atlantic to Norway and Denmark on the other side of the North Sea.

On 15 September 2008 the largest bankruptcy in US history was filed by Lehman Brothers Holdings in New York, exposing a whole raft of critical failures in global financial regulation, corporate governance, and risk management.

In doing so he was merely repeating what he had said two years previously in Edinburgh when he suggested that with the right pro-Scottish business policies, lower tax, and infrastructural investment we too can enjoy the same success as our nearest neighbours. While Mr Salmond was articulating this ambition the countries to which he was alluding were all rated in the top six wealthiest economies in the world, but even as he spoke the trade winds were turning.

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About iScot Magazine

November Edition 2016 issue Number 23 The one with Nicola and Saltire 2020 Vision A bumper 116 pages choc full of the best of Scottish writers today. Robbie Dinwoodie - Ben Thomson - The Legacy Alyn Smith MEP - A conference update - Focused David Bowman Interview - Les Huckfield - ex Labour MP "It's Labour for me... but not in Scotland" David James Hood - A perfect storm Jason Michael Mc Cann - The Alex Salmond Interview Will McLeod - How disasters look good ...on paper Wee Ginger Dug - They're all so pretty vacant Derek Bateman - Doing Middle Class Tom Morton - Sticky Aberdeen - the New Birmingham? Dr Steve McCabe - Fit to Lead? Tom Morton - Scotch and Spirit Jennifer Harper Feature - Simon Community Scotland Mary Edward - Short Story - The Gift Grouse Beater - Investigating Gorbal's boy Alan Pinkerton PI Rachel Gillon - Food for thought Zoe Weir - Glasgow Tobacco Barons Peter A Bell - Forget Darien, this is the bigee - The Madness of Men David McVey - Short Story - A Nation Decides Major Bloodnok - Agony Aunt - He knows, you know