Chapter

Unbalanced Growth: Prosperity and Deprivation

C. H. Lee

in The Transformation of Scotland

Published by Edinburgh University Press

Published in print February 2005 | ISBN: 9780748614325
Published online March 2012 | e-ISBN: 9780748653348 | DOI: http://dx.doi.org/10.3366/edinburgh/9780748614325.003.0008
Unbalanced Growth: Prosperity and Deprivation

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This chapter returns to the theme of Chapter 5: what is economic progress? How was generally high economic growth for most of the twentieth century reflected in the distribution of incomes and wealth? How did the distribution of spending power impact upon the economy? It shows that there were considerable variations in average incomes in different regions, reflecting different occupational structures. Scotland's average per capita income converged with that of the UK in the second half of the twentieth century, but the figure for Edinburgh in the mid-1990s was twice that of North Lanarkshire. Market forces were modified by the growth of state intervention and by progressive taxation from the 1940s to the 1970s, a period also marked by very low unemployment. Even after Margaret Thatcher's government sought to reverse the growth of the state, Scotland continued to benefit from substantial tax transfers from England.

Keywords: economic progress; economic growth; Scottish economy; per capital income; taxation; tax transfers

Chapter.  10361 words. 

Subjects: Regional and Area Studies

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