Macroeconomic success and social vulnerability: lessons for Latin America from the Celtic Tiger

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cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/FI 30(129/2003)
cepal.callNumberLC/L.1879-P
cepal.cityOfEventSantiago
cepal.dateOfEvent26-27 noviembre 2002
cepal.divisionEngFinancing for Development Division
cepal.divisionOldUnidad de Estudios Especiales
cepal.divisionSpaDivisión de Financiamiento para el Desarrollo
cepal.docTypeSeries
cepal.eventForo Política Macroeconómica y Vulnerabilidad Social
cepal.idSade12271
cepal.jobNumberS34196 E
cepal.physicalDescriptiontablas
cepal.projectProyecto para Aumentar la Capacidad de las Políticas de Desarrollo Económico y Social de los Gobiernos de América Latina y el Caribe
cepal.regionalOfficeSantiago
cepal.saleNumber03.II.G.46
cepal.topicEngINDUSTRIAL DEVELOPMENT
cepal.topicEngMACROECONOMICS
cepal.topicEngEMPLOYMENT
cepal.topicEngINEQUALITY
cepal.topicEngEDUCATION
cepal.topicEngPOVERTY
cepal.topicEngPRICES
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngSOCIAL PROTECTION
cepal.topicSpaDESARROLLO INDUSTRIAL
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaEMPLEO
cepal.topicSpaDESIGUALDAD
cepal.topicSpaEDUCACIÓN
cepal.topicSpaPOBREZA
cepal.topicSpaPRECIOS
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaPROTECCIÓN SOCIAL
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSOCIAL DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaDESARROLLO SOCIAL
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorKirby, Peadar
dc.contributor.entityNU. CEPAL. Unidad de Estudios Especiales
dc.contributor.entityNU. Cuenta Especial de las Naciones Unidas para el Desarrollo
dc.coverage.spatialEngIRELAND
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.coverage.spatialSpaIRLANDA
dc.date.accessioned2014-01-02T15:43:33Z
dc.date.available2014-01-02T15:43:33Z
dc.date.issued2003-04
dc.descriptionIncludes bibliography
dc.description.abstractAbstract This paper uses a political economy approach to examine the nature and social impact of Ireland's economic 'miracle', namely the period of high economic growth known as the 'Celtic Tiger', which lasted from 1995 until 2000. Its principal purpose is to offer a broad and multifaceted reading of this period of Irish development, paying particular attention to the links between macroeconomic success and social vulnerability, in order to draw policy lessons for Latin America. The examination of the Celtic Tiger is prefaced by a brief introduction to some of the salient feature of Ireland's development prior to its recent success, comparing structural features of the Irish case to those of Latin America. The paper then introduces the Celtic Tiger phase of development by offering data which illustrate its successes, in terms of economic growth and increased standards of living, and of a major growth in exports and in employment. The following section surveys the reasons for these successes, discussing in turn macroeconomic, fiscal and financial policy, industrial policies (attracting high levels of foreign direct investment and fostering indigenous industry), investment in education, the role of EU structural funds, and Social Partnership. Conclusions are drawn which also emphasis conjunctural factors that help account for Ireland's success over this period. Section four turns to the social impact of this economic success. This examines, in turn, trends in poverty and inequality, trends in prices, the nature of employment, the quality of social provision, and regional and gender inequalities. This section concludes by arguing that the concept of 'social vulnerability' better captures the social impact of Ireland's high economic growth than do explanations offered in the neoclassical economic literature or in the neomarxist sociological literature. Section five asks whether the Irish model is sustainable and it examines dependence on foreign direct investment, the eroding tax base of the state and growing income inequality as vulnerabilities of the Irish model. It also examines how the state is responding to the economic downturn since 2000. The next section of the paper draws policy lessons for Latin America from the Celtic Tiger, situating these in the context of responses to globalisation. The lessons drawn relate to state potential, to the narrow base of Ireland's economic success, and to the failure of the state to set robust social policy goals and to find the means to achieve such goals. The paper finishes with a brief concluding section.
dc.formatTexto
dc.format.extent62 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9211214009
dc.identifier.unSymbolLC/L.1879-P
dc.identifier.urihttps://hdl.handle.net/11362/5110
dc.language.isoeng
dc.physicalDescription62 p. : tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Financiamiento del Desarrollo
dc.relation.isPartOfSeriesNo129
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisEngSOCIAL ASPECTS
dc.subject.unbisSpaASPECTOS SOCIALES
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaMACROECONOMIA
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.titleMacroeconomic success and social vulnerability: lessons for Latin America from the Celtic Tiger
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublication6b9ffa23-2932-4f32-82f0-bfa8778b89df
relation.isAuthorOfPublication.latestForDiscovery6b9ffa23-2932-4f32-82f0-bfa8778b89df
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