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Economic Integration and Structural Change: The Case of Irish Regions1. ESRI WP176. 2008

Morgenroth, Edgar (2008) Economic Integration and Structural Change: The Case of Irish Regions1. ESRI WP176. 2008. [Working Paper]

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    Abstract

    Following a prolonged period of relative economic isolation Ireland opened up its trade to international competition during the 1960s and became a member of the European Economic Community (EEC) in 1973. This meant that the indigenous firms that grew up under the protection of tariff barriers were exposed to international competition. Subsequent initiatives by the European Union, such as the Single European Market (SEM) and European Monetary Union (EMU) have further contributed to the economic integration of Ireland into Europe. Ireland is now one of the most open economies in the world with the sum of imports and exports accounting for about 150% of GDP, although it should be noted that Ireland has particularly strong trading links with non-EU countries and especially the US. In addition to the opening of trade, from the 1960’s Ireland pursued an industrial policy focused on attracting foreign direct investment (FDI).

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > regional policy/structural funds
    Countries > Ireland
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Working Papers
    Depositing User: Alyssa McDonald
    Official EU Document: No
    Language: English
    Date Deposited: 24 Jul 2017 10:54
    Number of Pages: 20
    Last Modified: 24 Jul 2017 10:54
    URI: http://aei.pitt.edu/id/eprint/87691

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