The story of the future was to be that, while Irish firms would face increased competition as protectionism was dismantled, they would be more than compensated for any losses in the home market by their ability to export into Europe and beyond. The first part came true. The second didn’t. Bluntly, Irish business as a whole was not up to it. It turned out that ‘into Europe’ wasn’t so great a blessing after all. There was no great cohort of young, thrusting Irish entrepreneurs ready to take on the world.
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