Monday, August 22, 2005
It is good to see that<, under George Reid's guidance,> Holyrood is going to examine the question of how to achieve a growing economy (18th Aug).
That's pretty much it. Sometimes intelligently directed government investment can help, though much more often governments choose to invest either in industries chosen for political rather than economic motives <(politically powerful windpower in Scotland, the President's brother-in-law's sure fire scheme in much of Africa)> & such investment is largely wasted.
I am also slightly concerned that a specific part of their remit is "looking at how other devolved areas in Europe have developed their economies" since, with the notable exception of Ireland, economic progress in the EU has & is still severely lagging the rest of the world, even much of Africa. It would be better to ask how Singapore or Taiwan, both small states, have been so successful
George Reid must be congratulated for his success in,