# Prof. Michael Spence discusses Scotland's vote for independence

1 Faculty News September 19, 2014 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/uat_027305.jpg?itok=Ipx0jiaQ)>

Excerpt from [CNBC](http://video.cnbc.com/gallery/?video=3000312152&play=1) -- "In principle, a Scotland operating independently over time could kind of get it right. It's a small country. It could function effectively, like Sweden, but there's an enormous transition. First of all, you have a country that has 50% of the people, plus or minus, who think it's a bad idea and 50% who think it's a good idea, so this is a fairly badly divided country."

[Watch the video](http://video.cnbc.com/gallery/?video=3000312152&play=1)