Govenrment and Business Environment Case Study

Irish Economy: A Model of Success?

OR

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 surpassed that of Britain's €22,760. Ireland also ranked ninth in per capita output, among the industrial nations, up from 22nd in 1993.

Pedagogical Objectives:

• To discuss the factors responsible for "Irish Economic Miracle" and the challenges that questions the sustainability of this miracle.

Keywords : Irish economy, Celtic Tiger,Government and Business Environment Case Study, Ireland, Emigration, Foreign direct investments, 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