Not long ago, Ireland's economy was experiencing such a boom it was called the "Celtic tiger. Unemployment could hit 11 percent this year, and housing prices have plummeted. Over the years the legendary charm of Ireland has been trumped by its dismal job prospects. Generations of the best and brightest had to leave to find work.
The "Celtic Tiger" economy has achieved almost mythical status. Ireland's fortunes have been transformed, and the rest of the world has sat up and watched with interest. Unsurprisingly, many countries have flown delegations to Dublin to find out how it has been done.
And Ireland, a place renowned for the warmth of its welcome, has opened the door to those inquisitive visitors. One government official recounts the story of how officials from the Baltic states still refer back to a trip they made in with great fondness. The current Foreign Minister, Dermot Ahern, took a group of them for a night out at the greyhound racing in Dundalk, something they had not done before, and they loved it.
From all around the world they come - politicians, students, academics, business and union leaders. So the path to Dublin is very well trodden, especially by groups from countries whose economies are growing rapidly, or who dream of emulating Irish success.
Around the time of EU enlargement inwhen Ireland also held the EU presidency, there was much focus on what the new accession states in Eastern Europe might learn from the "Irish model".
How do they do it? The usual schedule for such visitors to the Emerald Isle includes trips to meet government officials in the capital, to companies in the city and beyond, and sessions with unions and academics at universities and think-tanks.
Prior to the growth of the past 10 or 15 years, Ireland's economy was known more for its failures Irish election: Your views So what do they want to know?
David Croughan is chief economist at the Irish Business and Employers Confederation, and he estimates that his organisation deals with dozens of such visits every year.
Ireland's financial success has spurred transport growth The "partnership process" between the various parties is credited by some as helping to create a stable platform for economic growth.
Other ingredients which foreign visitors hear about include government policy, support from the EU, and the importance of a young, well-educated, English-speaking population.
Foreign direct investment, especially from the United States, has provided a catalyst. Imitation is flattery Other smaller nations have also noted Ireland's tax policies with great interest. Corporation tax, at Income tax rates have been cut since the hard times of the s.
It is not only Ireland's economic success which has been the subject of scrutiny by the outside world. When I was reporting on the smoking ban, I filmed a group of Swedish civil servants who had come over to Dublin to learn lessons from the introduction of the smoking ban here.
At the time, inmany outside observers had wondered how a country with such a strong pub culture could even consider bringing in such a ban. But at a smart hotel in Dublin city centre, an Irish official described how the new legislation had been brought in, as the Swedes took notes.
In a similar vein, the UK government has looked hard at Ireland's introduction of a plastic bag levy, widely viewed as an environmental success here.
If imitation is indeed a form of flattery, then sending a fact-finding group to Ireland probably comes into the same category. The heat of the Irish economy may have cooled a little, but Dublin Airport won't be rolling away its red carpet just yet.Celtic Tiger is a nickname for Ireland during its boom years between and circa , when its economy was growing rapidly.
The gross domestic product (GDP) averaged percent annually through and about 6 percent a year for the remainder of the period. ISSC DISCUSSION PAPER SERIES POLITICS AND MARKETS IN THE IRISH ‘CELTIC TIGER’ EXPERIENCE: CHOICE, CHANCE, OR COINCIDENCE? Dr.
Niamh Hardiman Niamh Hardiman is a member of the Politics Department in UCD and Director of the Governance Programme of the Institute for the Study of Social Change (ISSC).
A tiger economy is a nickname given to several booming economies in Southeast Asia.
Some of the tigers are Indonesia, Singapore, Malaysia, Thailand, South Korea and China. With the injection of. The Celtic Tiger’s Tale: Ireland’s Information and Communication Technology Cluster Independence was followed by a period of low economic growth and political unrest.
In “The Celtic Tiger: Europe's shining light". B Development of Ireland’s Economy. Ireland’s economy underwent a radical transformation in the last two. THE CELTIC TIGER IN HISTORICAL AND INTERNATIONAL PERSPECTIVE NICHOLAS CRAFTS (University of Warwick) Abstract When Economic Development was published in , Ireland was a growth failure but thirty.
s, but that when economic performance over the Celtic Tiger era is factored in, growth per head over the entire period since was just as would have been predicted given the .