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The era of inertia in corporate affairs
Joe McGrath

was even more obviously the case in the 1960s’ (42). In any event, the increased prosperity was short-lived when the economy declined again in the 1980s, making Ireland’s previous successes seem like a ‘glorious interlude’ (O’Grada, 1997: 30). All of this suggests that the State experienced an incomplete political and economic governance shift in the 1960s, as Ireland ‘ceases to be a primarily agricultural economy, but does quite become an industrial one’ (Girvin and Murphy, 2005: 8). Nevertheless, Ireland had witnessed the benefits of increased industrialisation

in Corporate and white-collar crime in Ireland
Constructing capitalism in the 1990s
Julian Gruin

control as concerned with direct political liberalization, came to place the CCP leadership in a position whereby not only was its political legitimacy increasingly dependent upon its managerial capacity, but its margin for error in terms of economic governance was increasingly thin. The CCP needed to produce rapid economic growth, and it needed to make sure that this growth was stable and under control at all times. It is this feature of the path of reform in the early 1990s that sets it apart from that of the 1980s. In contrast to the loss of macroeconomic control

in Communists constructing capitalism