Irish industrialisation and the German ‘economic miracle’
in Ireland, West Germany and the New Europe, 1949– 73
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This chapter focuses on the Irish Government's shift to appreciate that industrial advancement and foreign capital presented the best means of expanding Irish exports. It explores the history of German investments in Ireland and the incremental development of Irish policies to attract foreign capital. The Industrial Development Authority (IDA), the Department of Industry and Commerce, and the Department of External Affairs worked to make Faber-Castell viable by identifying potential external markets to compensate for the small size of the Irish home market. As for the IDA, which was founded in 1950 at the bidding of the First Inter-Party Government, the stout resistance from two institutional heavyweights, the Department of Finance and the Department of Industry and Commerce, placed it in a straitjacket. The Second Inter-Party Government established a single statutory body responsible for tourism development, Bord Fáilte, after years of bickering.

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