In an idealistic world, every economy would be striving and in the boom period of the industrial development life cycle, and there would be no need for me to carry out this thesis at all. However, in a realistic world which unfortunately I/We belong to, factors exist to deflate the activity and morale of an economy. This is therefore what the contents of my thesis is about. It is to build a picture of the realistic world that we belong to, and furthermore offer suggestions rather than solutions of how we can strive towards the idealistic world. The main factor that I will be arguing about is the 'Troubles'; political conflict that exists which disables the economy and country we dream for to originate. But what my contents endeavours to do at the same time is to recognise other factors that exist , that limit the economy to become stable and then say to what extent it is true that the 'Troubles' are the root of the problem despite other factors. The Introduction basically gives a ground to build upon. It talks in general of economies and how external factors exist to eliminate the effects of these economies. Also, the introductory section tackles why I have chosen the area and illustrates the previous work done in and around the topic. Objectives offered are just projections which I aim to achieve while enduring my thesis. The methodology involves the concept of gathering my information in order to complete the task, from where and whom I gathered it, in the form of primary and secondary research.
The main body is thus split into four main chapters each representing an important component of my thesis. Chapter 1 outlines a history of the economy so to enable me to have hindsight into the economy before the political climate existed. It offers me knowledge on whether or no the economy's noted instability had roots far beyond the development of the 'Troubles'. Chapters 2,3 & 4 represent the sectors of the economy that I chose to investigate as indicators for the instability. Each chapter offers other reasons or factors that may also hinder economic stability in the given sector as proportionate to the 'Troubles'.
Chapter 2 is Tourism. Tourism as part of the private sector, where the latter is to be the future of the economy. The chapter uses facts & figures to illustrate the extent of the 'Troubles' on the sector, while also grasping the other sources that cause instability. Chapter 3 is inward investment. Also part of the private sector, it exemplifies the impact that the 'Troubles' have had upon it, while suggesting factors both internal & external which could play some role in the economic instability. The chapter also portrays a picture of an idealistic situation using comparative figures from the UK & Republic of Ireland. In Chapter 4, I use the concept of Public Expenditure, basically to adhere to the situation that the Northern Ireland economy is heavily subsidised, but also to present an idea of how the economy could stabilise given a peaceful situation and public expenditure thus being readily available for use in the economy. The main notion I use is that with a peacetime situation, the expenditure used on the security forces in not wasted and rather re-routed to the advantage of the economy. Lastly I draw conclusions and recommendations which rather draw all my discussions together, say what I have achieved through the thesis and act upon what action I employ so that the project has been beneficial. Here I also tell of the limitations I had in completing the thesis, but most importantly the realisation that pro-active approaches can be used to help in solving the problem is illustrated.
The bibliography draws the sources of secondary research into a reference table of books and articles used. The appendices hold together research referred to, that would have interrupted the flow of my thesis.