Scotland

:For other uses, see Scotland (disambiguation). See also British Isles (terminology).

Economy

Main article: Economy of Scotland

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Most Scottish industry and commerce is concentrated in a few large cities on the waterways of the central lowlands. Edinburgh, on the Firth of Forth, is a cultural centre, the capital of Scotland, and one of the top financial centres in Europe. Glasgow, one of the largest cities in the UK, lies on the Clyde; it is Scotland's leading seaport and was once a centre of shipbuilding and it supports numerous light industries. Although heavy industry has declined, the high-technology Silicon Glen corridor has developed between Glasgow and Edinburgh. Tourism is also very important.

Related Topics:
Firth of Forth - Clyde - Silicon Glen

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The significance of coal, once Scotland's most important mineral resource, has declined. Oil, however, gained prominence in Scotland's economy during the 1970s, with the growth of North Sea oil extraction companies. Natural gas is also abundant in the North Sea fields. Aberdeen is the centre of the oil industry. Scotland is a net exporter of energy to the rest of the UK, with abundant electricity generation capacity. Other important industries are textile production (woollens, worsteds, silks, and linens), distilling, and fishing. Textiles, beer, and whisky, which are among Scotland's chief exports, are produced in many towns. Salmon are taken from the Tay and the Dee, and numerous coastal towns and villages are supported by fishing from the North Sea. Only about one quarter of the land is under cultivation (principally in cereals and vegetables), but sheep raising is important in the less arable mountainous regions. Because of the persistence of feudalism and the land enclosures of the 19th cent. (see History, below), the ownership of most land in Scotland is concentrated in relatively few hands (some 350 people own about half the land). In 2003, as a result, the Scottish Parliament passed a land reform act that empowered tenant farmers and communities to purchase land even if the landlord did not want to sell.

Related Topics:
North Sea - Electricity generation

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