Project Analysis and Industrial Employment in Ireland. Quarterly Economic Commentary, June 1979

Ruane, Frances (1979) Project Analysis and Industrial Employment in Ireland. Quarterly Economic Commentary, June 1979. [Working Paper]

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Abstract

Over the past two decades the governments of many developing countries have become increasingly involved in directly promoting industrialisation. The degree of government intervention has varied greatly, in terms of both the overall level of assistance to the industrial sector (ranging from licence-giving to widespread protection) and the nature of assistance given to the individual firm within the sector (automatic or discretionary, once-for-all or on-going, general or specific). The prevalence of such government intervention combined with the failure of these and other policies to achieve the desired targets (higher growth rates, more equitable income distribution and in particular full employment) has generated a torrent of literature since the late 1960s under the general heading of Social Cost Benefz't Analysis. The objective of this literature has been to develop a practical technique whereby a government agency in a developing country can evaluate individual industrial projects (both private and public) in terms of their total effects on society, by taking into account the objectives of, and constraints on the economy.

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