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21. Ireland's Economic Outlook: Economic Recovery is Under Way

Author:
Anne Anderson
Publication Date:
03-2014
Content Type:
Journal Article
Institution:
Council of American Ambassadors
Abstract:
"Ireland's economic recovery is under way." This is not the pronouncement of an Irish Government Minister or an economic observer in Ireland. It is not even a quote from an Irish Ambassador, although it certainly could have been. Instead this quotation is drawn from a statement made by hard-nosed professionals at the credit rating agency, Standard and Poor's, in July 2013. This is an organization whose job it is to call it as they see it, and to provide dispassionate analysis of financial and economic data.
Political Geography:
Ireland

22. Inward FDI in Ireland and its policy context, 2012

Author:
Louis Brennan and Rakhi Verma
Publication Date:
03-2013
Content Type:
Working Paper
Institution:
Columbia Center on Sustainable Investment
Abstract:
Despite the global financial and economic crises and a sharp downturn in the domestic economy between 2008 and 2009, Ireland managed to attract large inflows of foreign direct investment (FDI) in 2010. Inward FDI (IFDI) flows in 2010 were at a similar level to those in 2009, the second highest in Ireland's FDI history. However in 2011, there was a decline in such flows. While Ireland's economy has been greatly affected by the global crisis, Irish government initiatives have further fostered the country's attractiveness as an investment location for the world's firms. All indications are that Ireland's IFDI performance will continue to surpass that of most countries into the near future.
Topic:
Economics, International Trade and Finance, Markets, and Foreign Direct Investment
Political Geography:
Europe and Ireland

23. Introduction: Europe's Crisis and the Welfare State

Author:
Michael Tanner
Publication Date:
04-2013
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Margaret Thatcher once quipped about the problem facing modern social welfare states: "They always run out of other people's money." Today, in country after country, we are seeing that prophetic remark coming true. The headlines have been dominated by the problems of the so called PIIGS (Portugal, Ireland, Italy, Greece, and Spain), which face the most immediate economic crisis and have required economic support from the International Monetary Fund and other European countries. However, even countries with relatively robust economies, such as France and Germany, are facing unprecedented levels of debt. Unless the countries of Europe reform their welfare states, they will face some combination of huge tax increases or default on their obligations, both explicit and implicit. The result will be social upheaval and continued economic stagnation. The tough choices facing those countries are playing out today in parliaments and on the streets. The future remains highly uncertain. But how much better off is the United States? Our national debt exceeds $16.4 trillion and is increasing at a rate of more than $3 million per minute. And that only represents the debt that is actually "on the books." If the unfunded liabilities of Medicare and Social Security are included, then U.S. total indebtedness could top 800 percent of GDP.
Topic:
International Monetary Fund
Political Geography:
United States, Europe, Greece, France, Spain, Italy, Portugal, and Ireland

24. Responses to Labor Market Challenges: Greece, Ireland, and Portugal, 1990–2008

Author:
Kate Nicholls
Publication Date:
04-2013
Content Type:
Journal Article
Journal:
Political Science Quarterly
Institution:
Academy of Political Science
Abstract:
KATE NICHOLLS looks at policy responses to labor market challenges in Ireland, Portugal, and Greece between 1990 and 2008, focusing in particular on work-life balance, higher education, and immigration policies.
Political Geography:
Greece, Portugal, and Ireland

25. The Euro Crisis: Mission Accomplished?

Author:
Zsolt Darvas
Publication Date:
03-2013
Content Type:
Journal Article
Journal:
World Policy Journal
Institution:
World Policy Institute
Abstract:
BRUSSELS—High unemployment, bleak economic outlook, high public and private debts, dysfunctional banks, weak competitiveness, and an unfavorable external environment are just a few of the challenges facing southern members of the euro zone. Despite these hurdles, the ever-optimistic European Council and other leaders said in January that the euro crisis had bottomed out. Herman Van Rompuy, the president of the European Council, proclaimed, "The worst is behind us, in particular the existential threat to the euro." Then there was Mario Draghi, president of the European Central Bank (ECB), who declared that "the darkest clouds over the euro area [have] subsided."
Political Geography:
Europe, Portugal, and Ireland

26. Improving the Peace Process: The Influence of Ideas in Resolving Violent Conflict

Author:
Isaac Caverhill-Godkewitsch, Vanessa Humphries, Sean Jellow, and Nyiri Karakas
Publication Date:
09-2012
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
On June 27, 2012, Queen Elizabeth II shook the hand of Martin McGuinness, a former Irish Republican Army (IRA) commander, and symbolically solidified the long peace process that had sought to resolve the Troubles of Northern Ireland (Rayner, 2012). This historic gesture illustrates that even the most ideologically heated and intractable conflicts can be resolved. In the case of Northern Ireland, resolution was not possible without first acknowledging the important roles that notions of personal and national identity, self-determination and economic fairness played as defining stakes in the conflict. In contrast, the conflict between Israel and Palestine continues to produce turmoil in addition to a stream of failed negotiations. The failure to include values and beliefs, such as equality and basic human rights, in discussions has poisoned peace efforts, with no end to the bloodshed in sight.
Topic:
Conflict Resolution, Political Violence, Peace Studies, and Peacekeeping
Political Geography:
Ireland

27. Accounting for the politics of language in the sociology of IR

Author:
Anne-Marie D'Aoust
Publication Date:
01-2012
Content Type:
Journal Article
Journal:
Journal of International Relations and Development
Institution:
Central and East European International Studies Association
Abstract:
With its 2009 report on the state of the discipline of International Relations (IR), the Teaching, Research, and International Policy (TRIP) Project of the Institute for the Theory and Practice of International Relations aimed to tackle directly Ole Wæver's claim that IR 'is and has been an American social science' (Wæver 1998: 687). Driven by the question of whether or not one could see national variations in the way scholars think about the discipline, and if one could agree on the existence of a single IR discipline, the TRIP project engaged in an ambitious ten-country survey about 'the state of the discipline' (Jordan et al. 2009). The choice of the ten countries surveyed then (Australia, Canada, Ireland, Israel, Hong Kong, New Zealand, Singapore, South Africa, United Kingdom, and the United States) reflects an obvious yet unmentioned selection criteria: these countries use English as the main language of scientific communication. If no consensus could be reached as to whether IR was an American discipline per se, there could at least be an implicit consensus that to be considered and acknowledged — and thus evaluated, measured, and assessed — the discipline(s) of IR had to be Anglophone by definition. This presumption also underpinned Stephen Walt's recent commentary on the persistent dominance of Anglo-Saxon scholarship in IR. 'I'm still struck', he admitted, 'by the relative dearth of “big thinking” on global affairs from people outside the trans-Atlantic axis, including continental Europe. And by “big thinking” I mean ideas and arguments that immediately trigger debates that cross national boundaries, and become key elements in a global conversation' (Walt 2011).
Topic:
International Relations and Sociology
Political Geography:
United States, United Kingdom, Canada, Israel, South Africa, Australia, Ireland, Singapore, New Zealand, and Hong Kong

28. Mispricing of Sovereign Risk and Multiple Equilibria in the Eurozone

Author:
Paul De Grauwe and Yuemei Ji
Publication Date:
01-2012
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper finds evidence that a significant part of the surge in the spreads of the PIGS countries (Portugal, Ireland, Greece and Spain) in the eurozone during 2010-11 was disconnected from underlying increases in the debt-to-GDP ratios, and was the result of negative market sentiments that became very strong since the end of 2010.
Topic:
Economics, Monetary Policy, and Financial Crisis
Political Geography:
Europe, Greece, Spain, Portugal, and Ireland

29. Liquidity in times of crisis: Even the ESM needs it

Author:
Daniel Gros and Thomas Mayer
Publication Date:
03-2012
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
This paper argues that the new permanent European rescue fund, the European Stability Mechanism (ESM), should be provided with a liquidity backstop by having it registered as a bank – and be treated as such by the European Central Bank. If the crisis were to become acute again, the ESM would stand ready to intervene in secondary markets, potentially with almost unlimited amounts of funding. Access to central bank financing will be crucial in a future crisis, because in such a crisis risk aversion is likely to be extreme, and even the ESM might not be able to raise at very short notice the huge sums that might be required to prevent a breakdown of the financial system. Hundreds of billions of euro might be needed just to top up the programmes for Greece, Ireland and Portugal – and Spain and Italy may require more than a thousand billion euro. Sums of this order of magnitude cannot be raised quickly by a new institution. Simply increasing the headline size of the ESM might thus be of little use.
Topic:
Debt, Economics, Monetary Policy, and Financial Crisis
Political Geography:
Greece, Spain, Italy, Portugal, and Ireland

30. In Search of Symmetry in the Eurozone

Author:
Paul De Grauwe
Publication Date:
05-2012
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
One of the major problems of the eurozone is the divergence of the competitive positions that have built up since the early 2000s. This divergence has led to major imbalances in the eurozone where the countries that have seen their competitive positions deteriorate (mainly the so - called ' PIIGS ' – Portugal, Ireland, Italy, Greece and Spain ) have accumulated large current account deficits and thus external indebtedness, matched by current account surpluses of the countries that have improved their competitive positions (mainly Germany).
Topic:
Economics, Markets, Regional Cooperation, Global Recession, and Financial Crisis
Political Geography:
Europe, Greece, Germany, Spain, Italy, Portugal, and Ireland