Uncle Sam’s Ireland: The Nature and Impact of Foreign Multinationals on the Economy of the Republic of Ireland

Bruce Lyons and Pat McCloughan ()

Chapter 6 in Inward Investment, Business Finance and Regional Development, 1998, pp 100-115 from Palgrave Macmillan

Abstract: Abstract The recent performance of the Irish economy has been among the most impressive in the Organisation for Economic Co-operation and Development (OECD). Table 6.1 shows Ireland’s growth, inflation and balance of payments figures in 1994 compared with fourteen other OECD countries. Countries are ranked 1–14 by the four most widely used indicators of economic performance: real GDP growth, unemployment, inflation and what we term ‘CURBOP/GDP’, simply the current account of the balance of payments as a proportion of GDP. Ireland emerged first under real GDP growth (5.5 per cent), first under CURBOP/GDP (6.1 per cent) and seventh under inflation (2.4 per cent). However, with unemployment at 14.8 per cent, Ireland had the second worst unemployment record after Spain.

Keywords: Current Account; Specific Asset; Indigenous Firm; Irish Economy; Irish Citizen (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-14181-4_7

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DOI: 10.1007/978-1-349-14181-4_7

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