CapelDodger
Penultimate Amazing
from Shane Costello:
This would have had an effect on the Irish economy, since about a third of Irish exports went to the UK at that time. About half went to the rest of the EU. That was the reverse of the situation in '73.
Gemma Hussey:graduated with a degree in economics and political science; ten years as an entrepreneur; leader of Irish women's movement; election to Senate. The book was very well received and had excellent reviews, which is one reason I bought it. The rapid changes in Ireland in the 90's do draw one's attention, at that point good information and insightful analysis is what one looks for. I found it.
The ERM didn't collapse, but the UK did fall out of it. The UK entered the ERM with sterling at far too high a rate, with the inevitable dampening effect on the economy. Thatcher had insisted on the high rate if the UK was to go in at all - she never had any understanding of economics, and the sterling rate was, to her, the measure of the UK's Greatness Quotient. Once the defence the value was overwhelmed - with the transfer from the Treasury to Soros and other speculators of untold billions (untold because it's still secret) - the economy improved enormously. And the Tories tried to take the credit! That dog just would not hunt anymore. This was in September '92, as I recall.One important thing that happened around 1993 was the collapse of the ERM. By many accounts this proved the catalyst for economic growth in the UK and probably in Ireland. Nor am I sure that Gemma Hussey, a former education minister, is the best commentator on economics.
This would have had an effect on the Irish economy, since about a third of Irish exports went to the UK at that time. About half went to the rest of the EU. That was the reverse of the situation in '73.
Gemma Hussey:graduated with a degree in economics and political science; ten years as an entrepreneur; leader of Irish women's movement; election to Senate. The book was very well received and had excellent reviews, which is one reason I bought it. The rapid changes in Ireland in the 90's do draw one's attention, at that point good information and insightful analysis is what one looks for. I found it.
A feature of Ireland in the 90's has been the return of recent emigrants who see opportunities in Ireland. Just as America provided greater scope than Ireland in the 19thCE, Ireland offers more scope today, or at least has done recently. It's business backwardness provided opportunities that didn't exist any more in a mature US business environment.The brightest and best of the population continued to leave in droves for two decades after EU accession.
And we could argue about that decline, and Ireland, and who knows what else. Sorry, but we're kind of getting off-track and bogged down in detail here.And I'll repeat that Germany's malodorous decline has also happened in context of the EU.