The Price of Scottish Independence

The costs of secession are a matter of choice, not of inevitability. If cool heads prevail on all sides, Scottish independence could proceed at a relatively low cost, sparing the successor states, the EU, and other parts of the world considerable instability.

NEW YORK – Though the world’s eyes now are on Scotland’s referendum on independence from the United Kingdom, Scotland is not alone in seeking to redraw national boundaries. There are independence movements in many other parts of the world; indeed, 39 new states have joined the United Nations since 1980. Many more aspirants are waiting in the wings, and would likely be encouraged by a Scottish “Yes” vote.

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