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From 'Frugal Comfort' to Ten Thousand a Year: Trade and Growth in the Irish Economy" October 1998


  • Grada, C.O.


Why, after more than a half-century of under-performance, has the Irish economy finally found its feet? A recent authoritative study suggests five factors, without attempting to rank them: shifting demographic structure, increasing human capital, infrastructural investment, a benign macroeconomic environment, and the opening up of the economy to the imports and foreign capital. This chapter takes a longer view of the last of these. It sets the retreat from the protectionist regime installd in the 1930s in context (Part 2) and asseses its consequences (Parts 3 and 4). It then compares trends in the two Irish economies before and after trade liberalization (Part 5), and briefly concludes (Part 6).

Suggested Citation

  • Grada, C.O., 1998. "From 'Frugal Comfort' to Ten Thousand a Year: Trade and Growth in the Irish Economy" October 1998," Papers 98/16, College Dublin, Department of Political Economy-.
  • Handle: RePEc:fth:dublec:98/16

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    Cited by:

    1. Cormac Ó Gráda, 2008. "The Irish economy half a Century ago," Working Papers 200818, School of Economics, University College Dublin.

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    JEL classification:

    • F1 - International Economics - - Trade
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence


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