By Thomas Giblin, Kieran Kennedy, Deirdre McHugh
Strains and assesses the expansion of the Republic's economic climate from its separation from Britain within the early Twenties via to the current. This ebook could be of curiosity to scholars of economics and Irish stories.
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Additional info for The Economic Development of Ireland in the Twentieth Century
Sample text
Though there were considerable economic differences in the policies, and in the bases of support, of the two main parties that have 33 FROM FREE TRADE TO PROTECTION, 1922–46 dominated the political scene in Ireland to this day, the initial division between them was primarily on nationalist issues. As these issues became blurred with the passage of time, both parties have competed more and more for the centre, following pragmatic economic policies that are often indistinguishable from each other.
Tenant farmers did not have enough working capital to pay wages for the increased labour needed to produce corn, and were willing to dole out strips of ground for potato growing in return for labour. There were grave risks in such heavy dependence by so many on a single foodstuff, which was liable to several diseases, which could be damaged by extremes of wet or frost, which was bulky and expensive to transport, and which could not be stored for more than twelve months at the outside. However, the more fundamental problem was not shortage of food but poverty arising from extreme inequality.
There were fears that a departure from free trade might cause a flight of capital which would be hard to stop, given the long-standing financial links with Britain. A conservative approach was also fostered by the bureaucracy and by academic opinion.