Austerity and Recovery in Ireland: Europes Poster Child and the Great Recession by William K. Roche

Austerity and Recovery in Ireland: Europes Poster Child and the Great Recession

EditorWilliam K. Roche, Philip J. OConnell, Andrea Prothero

Hardcover | January 14, 2017

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In international commentary and debate on the effects of the Great Recession and austerity, Ireland has been hailed as the poster child for economic recovery and regeneration out of deep economic and fiscal contraction. While the genesis of Ireland's financial, economic and fiscal crisis hasbeen covered in the literature, no systematic analysis has yet been devoted to the period of austerity, to the impact of austerity on institutions and people, or to the roots of economic recovery.In this book a group of Ireland's leading social scientists present a multi-disciplinary analysis of recession and austerity and their effects on economic, business, political and social life. Individual chapters discuss the fiscal and economic policies implemented, the role of international, and,in particular, of EU institutions, and the effects on businesses, consumption, work, the labour market, migration, political and financial institutions, social inequality and cohesion, housing and cultural expression. The book shows that Ireland cannot be viewed uncritically as a poster child for austerity. While fiscal contraction provided a basis for stabilizing the perilous finances of the State, economic recovery was due in the main to the long-established structure of Irish economic and business activity, tothe importance of foreign direct investment and the dynamic export sector, and to recovery in the international economy. The restructuring and recovery of the financial system was aided by favourable international developments, including historically low interest rates and quantitative easing.Migration flows, nominal wage stability, the protection of social transfer payments and the involvement of trade unions in severe public sector retrenchment - long-established features of Irish political economy - were of critical importance in the maintenance of social cohesion.

About The Author

William Roche is Professor of Industrial Relations and Human Resources at the School of Business, University College Dublin and Honorary Professor at the Management School, Queen's University, Belfast. He obtained his doctorate from the University of Oxford, where he was Heyworth Memorial Prize Research Fellow of Nuffield College. He h...
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Title:Austerity and Recovery in Ireland: Europes Poster Child and the Great RecessionFormat:HardcoverDimensions:360 pages, 9.21 × 6.02 × 0 inPublished:January 14, 2017Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198792379

ISBN - 13:9780198792376

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Table of Contents

1. William K. Roche, Philip O'connell, and Andrea Prothero: 'Poster Child' or 'Beautiful Freak': Austerity and Recovery in Ireland2. Sean O Riain: The Road to Austerity3. Stephen Kinsella: Economic and Fiscal Policy4. Frank Barry and Adele Bergin: Business5. Gregory Connor, Thomas Flavin, and Brian O'Kelly: The Financial Sector6. Blanaid Clarke: Banking Regulation7. Marius Claudy, Andrew Keating, and Andrea Prothero: Consumption8. Paul Teague: Ireland and the 'GIPS' Countries9. David M. Farrell: Political Reform10. Brigid Laffan: International Actors and Agencies11. William K. Roche: Workplaces12. Richard Boyle: Public Service Reform13. Philip J. O'Connell: Unemployment and Labour Market Policy14. Kathleen Lynch, Sarah Cantillon, and Margaret Crean: Inequality15. Rob Kitchin, Rory Hearne, and Cian O'Callaghan: Housing16. Irial Glynn and Philip J. O'Connell: Migration17. Donald Taylor Black: Culture