Committing to Economic Openness and Building Domestic Institutional Capabilities Keywords: Ireland, economic growth, economic development, inward investment, economic systems
This paper sets out to explain the factors behind Ireland.s exceptional period of economic growth from the early 1990s to the mid 2000s. It suggests that an unbending commitment to economic openness and an on-going effort to establish quality domestic institutions were the main drivers of the so-called .Celtic tiger. phenomenon. The commitment to economic openness manifested itself in the relentless search for inward investment and a willingness to accept deep forms of European integration. Building domestic institutional capabilities involved adopting new-classical macroeconomic policies, creating a robust system of social partnership and reforming the educational system. The two factors positively interacted with each other to create dynamic effects.
|Date of creation:||2009|
|Contact details of provider:|| Postal: Katajanokanlaituri 6B, 00160 Helsinki|
Web page: http://www.wider.unu.edu/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mikael Lindahl & Alan B. Krueger, 2001.
"Education for Growth: Why and for Whom?,"
Journal of Economic Literature,
American Economic Association, vol. 39(4), pages 1101-1136, December.
- Alan B. Krueger & Mikael Lindahl, 2000. "Education for Growth: Why and For Whom?," Working Papers 808, Princeton University, Department of Economics, Industrial Relations Section..
- Alan B. Krueger & Mikael Lindahl, 2000. "Education for Growth: Why and For Whom?," NBER Working Papers 7591, National Bureau of Economic Research, Inc.
- John Fitz Gerald, 2006. "Lessons from 20 Years of Cohesion," Chapters,in: Competitiveness and Growth in Europe, chapter 4 Edward Elgar Publishing.
- Peter J. Buckley & Frances Ruane, 2006.
"Foreign Direct Investment in Ireland: Policy Implications for Emerging Economies,"
The World Economy,
Wiley Blackwell, vol. 29(11), pages 1611-1628, November.
- Frances Ruane & Peter J. Buckley, 2006. "Foreign Direct Investment in Ireland: Policy Implications for Emerging Economies," The Institute for International Integration Studies Discussion Paper Series iiisdp113, IIIS.
- Patrick Honohan & Brendan Walsh, 2002. "Catching Up with the Leaders: The Irish Hare," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(1), pages 1-78.
- Dani Rodrik, 2008. "Second-Best Institutions," American Economic Review, American Economic Association, vol. 98(2), pages 100-104, May.
- S. Illeris & G. Akehurst, 2001. "Introduction," The Service Industries Journal, Taylor & Francis Journals, vol. 21(1), pages 1-4, January.
- John FitzGerald, 1998. "An Irish Perspective on the Structural Funds," Papers WP094, Economic and Social Research Institute (ESRI). Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:unu:wpaper:rp2009-24. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mauricio Roa Grisales)
If references are entirely missing, you can add them using this form.