Foreign Capital and Development Strategy in Irish Industrialization, 1958–70

Frank Long

American Journal of Economics and Sociology, 1980, vol. 39, issue 2, 137-150

Abstract: Abstract. In the 1930s the government of the Irish Republic instituted an import substitution economic development strategy to diversify economic activity. This potential was later exhausted. In 1958 a new strategy was adopted, emphasizing the use of foreign capital and reliance on the external market. It yielded many benefits, detailed in this paper, but involved a number of shortcomings associated with multinational corporations when they operate in less developed countries. These are specified. Current policy since 1973 seeks to mobilize local resources and promises mitigation of some of the problems. But it is not adequate to reduce some of the central problems arising from the reliance on foreign capital.

Date: 1980
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.1536-7150.1980.tb01623.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:39:y:1980:i:2:p:137-150

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0002-9246

Access Statistics for this article

American Journal of Economics and Sociology is currently edited by Laurence S. Moss

More articles in American Journal of Economics and Sociology from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().