Imagining the Economic Nation: The Scottish Case

Abstract The impending Scottish referendum on independence raises the question: what is a nation? This article addresses this question in terms of ‘economic nationhood’. Tracing the development of the Scottish economy over the last century and a half, it shows how the extraordinarily ‘globalised’ economy of pre‐1913 Scotland slowly evolved into a much more self‐reliant entity. Today, Scotland has a de‐industrialised and substantially de‐globalised economy, with a very large public sector about which key decisions are made in Edinburgh. Scotland has become much more of an economic ‘community of fate’ than ever before in its modern history.