Ireland's 'Economic Miracle' and Globalisation
György Simon Jr.
Corvinus University of Budapest
March 17, 2005
International Problems, Vol. 57, Nos. 1-2, pp. 5-30, 2005
The paper gives a comprehensive picture of fundamental issues connected with the Irish "economic miracle", with a special regard to the globalisation effect. The analysis of Ireland's economic development in the period from 1960 to 2003 answers the question why it decelerated, instead of accelerating, for a long time: to decades after the accession to the European Community in 1973 and why the rate of growth accelerated in the decade after 1993 to an extent similar to the previous performace of East Asian Tigers. The country has not only caught up economically with the European Union, but has appoximated the level of development of the United States. The analysis shows that all this can be attributed not only to Ireland's favourable conditions, but also to an adequate economic policy and foreign direct investment. The author reveals the so-called globalisation effect that had a decisive role in the acceleration of economic growth after 1993.
Number of Pages in PDF File: 26
Keywords: Ireland, economic growth, FDI, globalisation
JEL Classification: E60, F21, F43working papers series
Date posted: September 19, 2010 ; Last revised: February 4, 2012
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