Author: Welsh Affairs Committee
Pages: 124
Year: 2009
Source: House of Commons
In the twenty-first century, the economy of Wales cannot be considered in isolation, but must be seen in the context of global opportunities and threats. Today, national economies are no longer independent entities operating separately, but are interdependent. Much of the evidence we took in the course of this inquiry was informed by the particular economic circumstances in Wales at the time. In 2007, witnesses reported rising house prices and an in-flow of migrant workers to Wales. Since that time, the challenges of globalisation have become even more starkly apparent in the light of the global economic downturn. As economies have become interlinked, so economic problems can spread more easily from one country to another.
Web link: http://www.publications.parliament.uk/pa/cm200809/cmselect/c
mwelaf/184/184i.pdf
