The Celtic Tiger

Paper Summary:

This paper explores the reasons for Ireland's flourishing economy and why it has been able to turn its once floundering economy into a prosperous and successful one. The paper describes the geographic, political, and cultural aspects that have contributed to this success and looks at the factors that make the country attractive to large, foreign, high-tech industries. Finally, the paper assesses Ireland's present and future economic outlook and concludes that, while Ireland is experiencing some of the pains of rapid and global growth, it remains an outstanding location for business investment.

From the Paper:

"Ireland as often been called the Celtic Tiger over the past decade, and indeed, its economic growth has brought it, in record time, from a third-world status to the most global nation in the world, according to recent reports. It has done this by applying energy and creativity to enticing foreign investment to form a vibrant industrial base. Moreover, it has attracted relatively clean industries, high-tech primarily, which have also put it in an excellent position to begin its current initiative in attracting world-class scientists to work and make available their discoveries for development in Ireland. In addition to the hospitable business climate, the geography and climate of the nation are also attractive. In addition, it has relatively few of the problems associated with industrial societies, although it is beginning to see some negative effects, in addition to the numerous positive ones, from its full entry into the European Union."

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