Reasons behind the Irish Celtic Tiger

About 415,000 extra jobs were filled between 1993 and the end of 1999, a rise of over 35 per cent on the initial level. This huge expansion in job opportunities had far-reaching repercussions. One was a fall in unemployment from 16 per cent to six per cent. Another was the reversal from net emigration to significant net immigration.

As a result of all the growth, a debt/GDP ratio that soared over 100 per cent in the late 1980s declined rapidly to 47 per cent in 2000. Irish GDP per capita in 2000 stood at 115 per cent of EU average GDP. Changes in the labour market also contributed to a rise in living standards (though here we still have catching up to do).

No other European country had recorded so slow a rate of growth of national income from Independence (in 1922) to 1985. During that period, national income per he

The main economic benefit of Irish sovereignty has been control of fiscal policy and its innovative tax concessions to foreign investment has been one of the keys to Ireland’s economic success in the 1990s. They had a significant effect on the choice of location for FDI and the amount invested. This point however has been oversold, since in recent years Ireland’s share of US DFI in Europe has risen despite some narrowing in tax differentials. Evidence points to the fact that increasing mobility of capital as well as globalization has meant that increased FDI from the US is largely due to the increased elasticity of real capital to after-tax rates of return.

The second reason why the case for investment in human capital has been oversold is

Some topics in this essay:
Age’ European, Irish Foreign, Celtic Tiger, Delors II, Ireland North, EU Belgium, Development Authority, Background European, Survey Ireland, Tiger’ Ireland, human capital, late 1980s, social partnership, fiscal policy, labour force, single market programme, single market, market programme, foreign investment, european market, single european, single european market, foreign direct investment,