Norway's economy is oil-based and in dire need of diversifying - Dimmu Borgir, a black metal band, was among our top 20 exports a few years ago. However, Norway could still have flourished without oil - look at Sweden, who don't have the oil but still the same quality of life. Iceland and Ireland has a completely different economy; Ireland was a capitalist country and Iceland got ****** due to a handful of people in charge of a private bank that got bailed out. However, Scandinavian countries have a completely different outlook when it comes to government spending than most of the world -
don't deficit spend, especially during high conjecture periods. Scotland has a different economy from both Ireland and Iceland, though if Scotland focused all their spending on;
- Renewable energy (Strathclyde University was in the economist for raising 110M£ from local businesses to fund it)
- Kickstart the docks and produce high-end ships.
- Stem cell research pioneering. Legislation and funding could easily attract top scientists here.
- Personalised medicine. Essentially making person-specific medicine.
- National service. Tidy up the neds, discipline and work experience. It will go a long way.
Scotland has got potential, but as it, like Britain, has got pretty feckless politicians and too many people interested in getting free stuff from the government instead of working towards it, I don't see it happening any time soon.
However, I am all for the Scandinavian countries uniting as a Viking Trade Federation. We'd be the 8th biggest economy in the world and our cultures are similar enough for it to work. We could also use it to counterbalance the Teutonic influence in the EU.