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Convergence is not Automatic: Lessons from Ireland for Central and Eastern Europe
Author(s) -
Barry Frank
Publication year - 2000
Publication title -
world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.594
H-Index - 68
eISSN - 1467-9701
pISSN - 0378-5920
DOI - 10.1111/1467-9701.00336
Subject(s) - convergence (economics) , citation , library science , computer science , history , media studies , sociology , economics , economic growth
For over 70 years Irish income per head remained at around 60 percent of the level prevailing in the country's dominant trading partner, the UK. Ireland began to converge rapidly over the last 15 years however, and parity has now been achieved with the UK and the overall EU. This paper analyses the changes in public policy that facilitated the turnaround in economic fortunes.