Publication:
Social Policy and Macroeconomics : The Irish Experience

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dc.contributor.authorMcCarthy, F. Desmond
dc.date.accessioned2014-08-19T16:31:20Z
dc.date.available2014-08-19T16:31:20Z
dc.date.issued2001-12
dc.description.abstractThe remarkable performance of the Irish economy in recent years has attracted much attention. Within a 10-year period the economy went from an 18 percent unemployment rate to nearly full employment, while the ratio of debt to GDP fell from 120 percent to less than 50 percent. Inevitably, this success was also accompanied by problems, as infrastructure came under increasing stress, environmental difficulties became more evident, and a changing social structure resulted in some groups becoming increasingly marginalized. What worked and what did not? In particular, are there lessons that may be relevant for other countries facing similar difficulties, especially in Asia and Latin America? McCarthy focuses on three features of Ireland's economic achievements. Two of these features are external: the opening to Europe and the role of foreign direct investment. The third and perhaps most "exportable" feature is domestic: the role of a social pact. This pact was initially between employers, trade unions, and the government. Subsequent pacts were extended to include a variety of other groups. McCarthy discusses the far-reaching impact of this series of pacts on health, poverty, employment, education, and social welfare. Ireland now faces a number of challenges, including the slowdown in the global economy, a fall in resource transfers from the European Union, and the potential effects of the entry into the EU of Hungary and Poland.en
dc.identifierhttp://documents.worldbank.org/curated/en/2001/12/1660274/social-policy-macroeconomics-irish-experience
dc.identifier.doi10.1596/1813-9450-2736
dc.identifier.urihttps://hdl.handle.net/10986/19417
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 2736
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectSOCIAL POLICY
dc.subjectMACROECONOMICS
dc.subjectECONOMIC ANALYSIS
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectTRADE LIBERALIZATION
dc.subjectUNEMPLOYMENT LEVELS
dc.subjectCUSTOMS UNIONS
dc.subjectFREE TRADE
dc.subjectEUROPEAN UNION
dc.subjectFINANCIAL FLOWS
dc.subjectSOCIAL PARTICIPATION
dc.subjectFISCAL POLICY
dc.subjectEXCHANGE RATES
dc.subjectLABOR POLICY
dc.subjectSOCIAL WELFARE
dc.subjectHEALTH EXPENDITURES
dc.subjectEDUCATIONAL FINANCING ACCOUNTABILITY
dc.subjectAGRICULTURAL EMPLOYMENT
dc.subjectAGRICULTURE
dc.subjectANNUAL GROWTH RATE
dc.subjectAUTHORITY
dc.subjectBROAD CONSENSUS
dc.subjectBUDGET DEFICIT
dc.subjectCENTRAL BANK
dc.subjectCITIZENS
dc.subjectCITIZENSHIP
dc.subjectCLIMATE
dc.subjectCOMPETITIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMERS
dc.subjectDEBT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT PROCESS
dc.subjectDIRECT IMPACT
dc.subjectDOMESTIC COMPANIES
dc.subjectECONOMIC CONDITIONS
dc.subjectECONOMIC DATA
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC SITUATION
dc.subjectECONOMIC SURVEYS
dc.subjectECONOMISTS
dc.subjectEMIGRATION
dc.subjectETHICS
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURES
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNALITIES
dc.subjectFISCAL
dc.subjectFISCAL CRISIS
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFISCAL SITUATION
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFREE TRADE
dc.subjectFULL EMPLOYMENT
dc.subjectGDP
dc.subjectGNP
dc.subjectGOVERNMENT DEPARTMENTS
dc.subjectGOVERNMENT POLICY
dc.subjectGROWTH RATE
dc.subjectHEALTH CARE
dc.subjectHEALTH INSURANCE
dc.subjectHOSPITALS
dc.subjectHOUSING
dc.subjectHUMAN RESOURCES
dc.subjectIMMIGRATION
dc.subjectINCOME
dc.subjectINCOME MEASURES
dc.subjectINDUSTRIALIZATION
dc.subjectINFLATION
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSURANCE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL MARKET
dc.subjectINTERVENTION
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET POLICIES
dc.subjectLEVELS OF GOVERNMENT
dc.subjectLIVING STANDARDS
dc.subjectLOCAL GOVERNMENTS
dc.subjectLONG TERM
dc.subjectLONG-TERM UNEMPLOYMENT
dc.subjectMACROECONOMICS
dc.subjectMEMBER STATES
dc.subjectMONETARY POLICY
dc.subjectMONOPOLIES
dc.subjectMOTHERS
dc.subjectOIL
dc.subjectOPPORTUNITY COST
dc.subjectOVERVALUATION
dc.subjectPARTNERSHIP
dc.subjectPOLICY CHANGE
dc.subjectPOLICY INITIATIVES
dc.subjectPOLICY MAKERS
dc.subjectPOLICY RESEARCH
dc.subjectPOLITICAL PARTIES
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOVERTY LEVELS
dc.subjectPOVERTY LINE
dc.subjectPOVERTY LINES
dc.subjectPRIMARY SCHOOL
dc.subjectPRIORITY AREAS
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SPENDING
dc.subjectPURCHASING POWER
dc.subjectREAL TERMS
dc.subjectRELATIVE POVERTY
dc.subjectREPRESENTATIVES
dc.subjectRETIREMENT
dc.subjectSERVICE SECTOR
dc.subjectSOCIAL ASSISTANCE
dc.subjectSOCIAL EXCLUSION
dc.subjectSOCIAL EXPENDITURES
dc.subjectSOCIAL INCLUSION
dc.subjectSOCIAL INFRASTRUCTURE
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL PACT
dc.subjectSOCIAL POLICY
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL SECURITY
dc.subjectSOCIAL WELFARE
dc.subjectSOVEREIGNTY
dc.subjectSTATISTICS OFFICE
dc.subjectSTRUCTURAL CHANGE
dc.subjectSTRUCTURAL REFORM
dc.subjectSURPLUS LABOR
dc.subjectTAX CUTS
dc.subjectTAX RATE
dc.subjectTAX RATES
dc.subjectTAX REGIME
dc.subjectTAXATION
dc.subjectTOTAL REVENUE
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT BENEFITS
dc.subjectUNEMPLOYMENT RATE
dc.subjectWALKING
dc.subjectWELFARE SYSTEM
dc.subjectWORKERS
dc.titleSocial Policy and Macroeconomics : The Irish Experienceen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleSocial Policy and Macroeconomics: The Irish Experience
okr.date.disclosure2001-12-30
okr.date.doiregistration2025-04-10T10:52:01.664272Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2001/12/1660274/social-policy-macroeconomics-irish-experience
okr.globalpracticeSocial Protection and Labor
okr.globalpracticePoverty
okr.globalpracticeGovernance
okr.globalpracticeHealth, Nutrition, and Population
okr.guid122231468756584760
okr.identifier.doi10.1596/1813-9450-2736
okr.identifier.externaldocumentum000094946_02010904095674
okr.identifier.internaldocumentum1660274
okr.identifier.reportWPS2736
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2002/01/18/000094946_02010904095674/Rendered/PDF/multi0page.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryIreland
okr.themeEconomic management :: Macroeconomic management
okr.themeSocial protection and risk management
okr.topicHealth Monitoring and Evaluation
okr.topicEconomic Theory and Research
okr.topicEnvironmental Economics and Policies
okr.topicSocial Protections and Labor::Labor Policies
okr.topicPoverty Reduction::Poverty Assessment
okr.topicHealth, Nutrition and Population::Public Health Promotion
okr.topicGovernance::National Governance
okr.unitDevelopment Dialogue on Values and Ethics, External Affairs
okr.volume1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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