Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 11 pages
Data source: Published sources
Topics:
Irish economy; Celtic Tiger; Ireland; Emigration; Foreign direct investment (FDI); European Economic Community (EEC); Zero corporate tax; European Exchange Rate Mechanism (ERM); European Monetary System (EMS); Golden rule; Tallaght strategy and social partnerships; National Development Plans; GDP and GNP
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Abstract
In 1988, The Economist described Ireland as ''the poorest of the rich'', while comparing the island republic with its European counterparts. Barely a decade later the magazine called it ''Europe''s shining light''. Ireland changed the global perception about its economy when, in 1999, its per capita GDP of 23,410 euros surpassed that of Britain''s 22,760 euros. Ireland also ranked ninth in per capita output, among the industrial nations, up from 22nd in 1993. This case study introduces its readers to the ''Irish Economic Miracle'' and enables a discussion on the factors responsible for it and the challenges that question the sustainability of this miracle.
Location:
Other setting(s):
2004
About
Abstract
In 1988, The Economist described Ireland as ''the poorest of the rich'', while comparing the island republic with its European counterparts. Barely a decade later the magazine called it ''Europe''s shining light''. Ireland changed the global perception about its economy when, in 1999, its per capita GDP of 23,410 euros surpassed that of Britain''s 22,760 euros. Ireland also ranked ninth in per capita output, among the industrial nations, up from 22nd in 1993. This case study introduces its readers to the ''Irish Economic Miracle'' and enables a discussion on the factors responsible for it and the challenges that question the sustainability of this miracle.
Settings
Location:
Other setting(s):
2004