The Herald Business - - Contents -

THERE is some­thing of an in­ter­na­tional theme to this is­sue, or more specif­i­cally, a Euro­pean one. As we worry end­lessly about the im­pact of China and In­dia on our econ­omy it is of­ten forgotten that our main trad­ing part­ners are just across the North Sea. As Ian McCon­nell points out, Scot­land has ben­e­fited enor­mously from im­mi­gra­tion in the past and is likely to do so again with the wave of new work­ers from east­ern Europe. Many of those do­ing me­nial jobs to­day will be our mil­lion­aires of to­mor­row.

Ice­land, which is build­ing a global rep­u­ta­tion in fi­nan­cial ser­vices to sup­ple­ment its tra­di­tional in­dus­tries pro­vides a shin­ing ex­am­ple of how a small coun­try can make its mark in the global econ­omy. How­ever we also high­light one of our own, Scot­tish Eq­uity Part­ners, which has grown from hum­ble be­gin­nings to raise Europe’s largest tech­nol­ogy fund.

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