AN ASSESSMENT OF IRELAND EXPORT-LED GROWTH STRATEGY VIA FOREIGN DIRECT-INVESTMENT - 1960-1980

Ireland's export-led growth strategy using foreign direct investment a s a vehicle for industrialization reveals many lessons for newly-indus trializing economies in Europe and Asia. Using a relatively simple mac roeconomic model of the Irish economy, this study sought to ascertain if government subsidies and grants were a significant locational deter minant for foreign direct investment and if foreign direct investment led to the expansion of exports, capital formation, employment, and ou tput. The results show that from 1960-80 Irish exports, output, and ma nufacturing employment grew, but so did the dependence and vulnerabili ty of the Irish economy.