Cycles of nationalisation and privatisation, and the role of the state in Ireland

Artner, Annamária (2017) Cycles of nationalisation and privatisation, and the role of the state in Ireland. Acta Oeconomica, 67 (4). pp. 557-583. ISSN 0001-6373

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Abstract

The article examines how the roles of state institutions and state owned enterprises have been changed in Ireland since its independence, with special regard to the role of state ownership and crisis management. The history of planning and social partnership, the courses of nationalisation and privatisation and the problem of damaging the state are discussed as well. The author concludes that the crisis has not resulted in the strengthening of the developmental or welfare role of the state, the evolution of a “developmental welfare state” has become less likely in Ireland in the course of crisis management. Another lesson is that the state can manage certain bad assets of the private sector in a way that yields a profit to the public. There are other costs of the crisis management, however, which are to be paid by the people and result in a decrease of state ownership and a shrinking of the welfare systems.

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