The evolving model of capitalism in ireland: an insight into enterprise development and policy
Andreosso-O’Callaghan, Bernadette Lenihan, Helena McDonough, Terrence
Andreosso-O’Callaghan, Bernadette
Lenihan, Helena
McDonough, Terrence
Repository DOI
Publication Date
2014-10-31
Keywords
economic development, enterprise development, financial crisis, political economy, public policy, social structures of accumulation, varieties of capitalism, foreign direct-investment, financial services center, regional-development, celtic tiger, globalization, displacement, convergence, deadweight, economies, growth
Type
Article
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Citation
Andreosso-O’Callaghan, Bernadette; Lenihan, Helena; McDonough, Terrence (2014). The evolving model of capitalism in ireland: an insight into enterprise development and policy. Economic and Industrial Democracy 37 (2), 319-344
Abstract
Contemporary capitalism in Ireland took off in the late 1950s and affirmed itself as an inward investment-focused model of development. With enterprise development at the core of the policy (as a way of developing the economy and society and ending emigration), all other policy domains - financial, governance, industrial relations, welfare and education - became subservient to the industrialization-by-invitation' strategy. This article examines and characterizes the Irish model of development, using the lens of the varieties of capitalism literature (VoC) as a starting point. The article also examines whether a stage theory of capitalism perspective can capture changes which the VoC perspective might obscure. The collapse of the Irish banking system since 2008 and the subsequent recession raises major challenges for Ireland's variety of capitalism and may represent a critical juncture.
Funder
Publisher
SAGE Publications
Publisher DOI
10.1177/0143831x14547116
Rights
Attribution-NonCommercial-NoDerivs 3.0 Ireland