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From 'Frugal Comfort' to Ten Thousand a Year: Trade and Growth in the Irish Economy" October 1998

Cormac Ó Gráda ()

Working Papers from College Dublin, Department of Political Economy-

Abstract: 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).

Keywords: IRELAND; ECONOMIC GROWTH; INTERNATIONAL TRADE (search for similar items in EconPapers)
JEL-codes: F1 O1 O47 (search for similar items in EconPapers)
Pages: 33 pages
Date: 1998
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