A Cautionary Tale of Two ‘Tigers: Industrial Policy ‘Lessons’ from Ireland and Hungary?

Bailey, David and Lenihan, Helena and De Ruyter, Alex (2016) A Cautionary Tale of Two ‘Tigers: Industrial Policy ‘Lessons’ from Ireland and Hungary? Local Economy. pp. 1-19.

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Abstract

This paper draws industrial policy lessons for small Central and Eastern European states through a critical evaluation of recent Irish and Hungarian experiences. The paper outlines a ‘holistic view’ of industrial policy before exploring the experiences of the two economies. Whilst both have managed to ‘do’ policy well in some regards, substantial challenges remain in making foreign direct investment attraction the centrepiece of industrial policy, as has been highlighted recently. Overall, the paper suggests that wholesale emulation of the Irish and Hungarian approach is problematic for small open Central and Eastern Europe states, and that more balanced approaches to development – and hence industrial policy – are warranted.

Item Type: Article
Subjects: N900 Others in Business and Administrative studies
Divisions: UoA Collections > UoA19: Business and Management Studies
Faculty of Business, Law and Social Sciences > Birmingham City Business School > Dept. Strategy, Marketing and Economics
Depositing User: Miss Jessica Baylis
Date Deposited: 22 Mar 2017 12:00
Last Modified: 22 Mar 2017 12:00
URI: http://www.open-access.bcu.ac.uk/id/eprint/3514

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