| Abstract: | An Assessment of Ireland’s Export-Led Growth Strategy via Foreign Direct Investment: 1960-80. - Ireland’s export-led growth strategy using foreign direct investment as a vehicle for industrialization reveals many lessons for newly-industrializing economies in Europe and Asia. Using a relatively simple macroeconomic model of the Irish economy, this study sought to ascertain if government subsidies and grants were a significant locational determinant for foreign direct investment and if foreign direct investment led to the expansion of exports, capital formation, employment, and output. The results show that from 1960-80 Irish exports, output, and manufacturing employment grew, but so did the dependence and vulnerability of the Irish economy. |
