Ireland's First Programme for Economic Expansion (F.P.E.E) 1958-63…
Ireland's First Programme for Economic Expansion (F.P.E.E) 1958-63
F.F - Protectionist - Isolated - Industry
Was either strategy "efficient or suitable" for Ireland?
CnaG - Free Trade-no tarrifs- Agri -reliance on UK
How was Ireland pre F.P.E.E - Economy,Society,Emigration,Enthusiasm etc?
How had Ireland's Govts approached the economy since 1932?
Change is needed: 3 Steps
Step 2 - Find out what is wrong - "Economic Development" Survey"
Step 3 - Plan - F.P.E.E
Step 1 - Mindset - Old F.F vs new - Lemass
Aims of F.P.E.E
Encourage foreign investment
Change Govt Spending - Social to Productive
Open barriers & move to free trade
Improve society - standard of living - education etc
Get "Buy-In" & enthusiasm from public
Stem emigration & grow population
Moved to EFTA,EEC, A.I Free Trade Agreement
Industry changed & became competitive
All parties enthused
Growth,Output GDP/GNP ++
Emigration dropped, pop increased
Impact of Lemass - Change of old F.F, Vested interest,drive & enthusiasm
T.K Whitaker - Reached out - IMF,World Bank - Included numerous parties in planning - "Survey"-F.P.E.E - Significant Milestone
Watershed moment,modernised Irish economy
Was it possible the change would have happened anyway?
Most agree importance