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How has Peace Changed the Northern Irish Political Economy?

Abstract The northern Irish peace process spawned a discourse that promises high quality employment led by foreign investments. Such a peace dividend has been absent, however, and employment in state-aided foreign projects has actually fallen since 1994. Results are especially bad for the most marginalized areas that were at the centre of conflict. A more satisfactory conception of a peace dividend would be based on the regeneration of marginalized communities. Yet the revival of devolved power-sharing government promises little change, mainly because Northern Irish policy is restricted by British Treasury rules that impose neoliberal principles of reduced government spending and privatization.