Purchased development: the Irish Republic's export oriented development strategy
This book analyzes and questions the much-celebrated success of the Irish development strategy. The Republic of Ireland has followed an export-oriented development path, relying on foreign direct investment as its main engine of development. However, this strategy has led to growing industrial, social and developmental polarization despite the impressive overall growth figures. Growth has been driven primarily by the investments of multinational companies.
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The Impact of TNC Dependent Development 99
The Sources of Irish Growth
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agricultural Anglo-Irish Treaty autonomy average Barry Breen capital characterised competitiveness Core Sector costs Cumann na nGaedheal decline deflationists Delors development regime Dutch Disease earnings East and Southeast economic growth effects emigration Endogenous Growth Theory European export sector export-led export-oriented external factors factors of production FDI inflows Fianna Fail Fink fiscal austerity foreign Forfas Further gains GNP per Capita grew growth rates Haughton Hence high growth high level high profit rates high tech FDI high technology Honohan households ibid important increased indigenous firms indigenous industry indigenous sector induce industrialisation inequality internal demand Ireland Irish economy Irish Flexible Development Irish Free Irish pound Irish Republic Jacobsen labour force labour market leading linkages living standards ment Mjoset nomic O'Hearn OECD overall periphery production real GDP recovery regime phase result social Southeast Asia strategy structure tion TNCs trade transfers workforce