TY - JOUR
T1 - The evolving model of capitalism in Ireland
T2 - An insight into enterprise development and policy
AU - Andreosso-O’Callaghan, Bernadette
AU - Lenihan, Helena
AU - McDonough, Terrence
N1 - Publisher Copyright:
© 2014, The Author(s) 2014.
PY - 2014
Y1 - 2014
N2 - 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.
AB - 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.
KW - Economic development
KW - enterprise development
KW - financial crisis
KW - political economy
KW - public policy
KW - social structures of accumulation
KW - varieties of capitalism
UR - http://www.scopus.com/inward/record.url?scp=84964882794&partnerID=8YFLogxK
U2 - 10.1177/0143831X14547116
DO - 10.1177/0143831X14547116
M3 - Article
AN - SCOPUS:84964882794
SN - 0143-831X
VL - 37
SP - 319
EP - 344
JO - Economic and Industrial Democracy
JF - Economic and Industrial Democracy
IS - 2
ER -