Economy Of Edinburgh
Edinburgh, as the capital of Scotland, is usually regarded as one of the twin engines of the Scottish Economy alongside Glasgow. Edinburgh has been consistently one of the most prosperous parts of the country and has the strongest economy of any city in the UK outside London. The economy of Edinburgh and its region (which includes areas such as the Forth Valley, Fife and the municipal authorities of Midlothian, East Lothian and West Lothian) has been announced as one of the fastest growing city regions in Europe, with strong rates of growth in banking, financial services and hi tech research and development.
The economy of Edinburgh is largely based around the service sector, with tourism, financial services and banking being particularly important as well as education and high tech research. The city has been in good economic health since the arrival in 1999 of the Scottish Parliament, which had a so-called "headquarters effect", with many government departments being set up in the city, resulting in an increase in recruitment and employment. On 12 March 2004, Edinburgh was granted Fairtrade City status. FDi Magazine has named Edinburgh as the Best Small City of the Future for 2010/2011, while it is also the most competitive large city in the UK according to the Centre for International Competitiveness.
Read more about Economy Of Edinburgh: Economic Profile, Top Employers, Manufacturing, Public Sector, Infrastructure
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