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| Author: | Barry, F. |
| Title: | Convergence is not automatic: lessons from Ireland for Central and Eastern Europe |
| Journal: | World Economy
2000 : NOV, VOL. 23:10, p. 1379-1394 |
| Index terms: | IRISH REPUBLIC EASTERN EUROPE WORLD ECONOMY |
| Language: | eng |
| Abstract: | Real convergence, the process by which poorer economies catch up on richer ones, is by no means automatic. When Ireland acceeded in 1973 to what would later become the European Union, its level of income per head stood at around 60 per cent of that of Britain, its dominant trading partner. This ration had remained largely unchanged over the previous 60 years. The general consensus is that the orientation of public policy is a crucial determinant of the likelihood of convergence. |
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