Crafts, Nicholas (2008) The Celtic Tiger in historical and international perspective. Working Paper. Coventry: University of Warwick, Department of Economics. (Warwick economic research papers.

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Abstract

When Economic Development was published in 1958 there was good reason to worry both about Ireland's economic performance and its economic prospects. While most western European countries were enjoying rapid economic growth Ireland was falling well behind the leaders. With an industrial−relations structure based on strong but de-centralized collective bargaining, Ireland was not in a position to follow the corporatist path to rapid catch-up growth based on wage restraint in return for high investment which prevailed in much of Europe. As a small, inefficient, and still quite agricultural economy on the periphery, there were good reasons to fear the consequences of moves to free trade within Europe.

Item Type:	Working or Discussion Paper (Working Paper)
Subjects:	H Social Sciences > HC Economic History and Conditions D History General and Old World > DA Great Britain
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Economic development -- Ireland, Economic policy -- Ireland, Gross domestic product -- Ireland, Ireland -- Economic conditions -- 1949-, Ireland -- History -- 1922-
Series Name:	Warwick economic research papers
Publisher:	University of Warwick, Department of Economics
Place of Publication:	Coventry
Date:	September 2008
Number:	No.867
Number of Pages:	18
Status:	Not Peer Reviewed
Access rights to Published version:	Open Access
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URI:	http://wrap.warwick.ac.uk/id/eprint/1349

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