From 'Frugal Comfort' to Ten Thousand a Year: Trade and Growth in the Irish Economy" October 1998
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).
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|Date of creation:||1998|
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