Abstract: Abstract Among the nations most seriously affected by the Great Recession, Ireland has been hailed as a ‘poster child’ for austerity, particularly following the country’s exit from a severe austerity programme, agreed with the Troika of the International Monetary Fund (IMF), the European Central Bank (ECB), and the European Commission (EC), and its return to economic growth. In this multidisciplinary book, Ireland’s leading social scientists present the first systematic study of the Great Recession, austerity, and recovery in Ireland. Over seventeen chapters, the book assesses the effects of the recession and austerity programme on Ireland’s economy, business and financial systems, consumption, regulation, politics, relations with international agencies, workplaces, the labour market, migration, public service reform, inequality, the housing market, and culture. The book is critical of Ireland’s delineation as Europe’s ‘poster child’ for austerity. It sets out the great social costs entailed by the cutbacks implemented under austerity. It shows how many of the reforms agreed with the Troika were implemented partially and incompletely. It argues that Ireland’s economic recovery can largely be attributed to the importance of foreign direct investment and exports in the Irish economy and the revival of leading economies outside the Eurozone with which the country has well- and long-established trading relationships.
Publication Year: 2016
Publication Date: 2016-12-15
Language: en
Type: book
Indexed In: ['crossref']
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Cited By Count: 39
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