Independence in the modern world. Wealthier, happier, fairer: why not Scotland?

Acronyms and definitions

BERD

Business Enterprise Research and Development

DDC

Danish Disruption Council

EEC

European Economic Community

ESF

EU Structural Funds

ESRI

Economic and Social Research Institute (Ireland)

EU

European Union

Eurostat

The statistical office of the European Union

FDI

Foreign Direct Investment

GDP

Gross domestic product (OECD definition of GDP)

GFCF

Gross Fixed Capital Formation

Gini coefficient

A measure of inequality in the distribution of household income. The Gini coefficient is based on the comparison of cumulative proportions of the population against cumulative proportions of income they receive, and it ranges between 0 (or 0%) in the case of perfect equality and 1 (or 100%) in the case of perfect inequality (OECD definition of Gini coefficient)

HDI

United Nations Human Development Index

ICT

Information and communications technology

IMA

UK Internal Market Act 2020

IMF

International Monetary Fund

IT

Information Technology

JSC

Job Security Council

LMP

Labour market policy

MSP

Member of the Scottish Parliament

NSET

National Strategy for Economic Transformation (Scottish Government publication)

OBR

Office for Budget Responsibility

OECD

Organisation for Economic Co-operation and Development

ONS

Office for National Statistics

PPPs

Purchasing Power Parities (OECD definition of PPPs)

R&D

Research and development

SDI

Scottish Development International

SPF

Shared Prosperity Fund

Social Mobility

'Social mobility can be understood as the movement in personal circumstances either "upwards" or "downwards" of an individual in relation to their parents. In absolute terms, it is the ability of a child to experience a better life than their parents' (World Economic Forum definition of social mobility)

SGC

Sustainable Growth Commission

UB

Unemployment Benefit

UK

United Kingdom

USD

United States Dollars

WEGo

Wellbeing Economy Governments