The Rise of Ireland: the Celtic Tiger

Contents

Introduction: Post-Independence ........................................................................................................... 2 1949 - 1969 ............................................................................................................................................. 2 1970 - 1979 ............................................................................................................................................. 2 1980 - 1989 ............................................................................................................................................. 3 The Celtic Tiger Years 1990 - 2007 ............................................................................................................................................. 3 The Global Financial Crisis (GFC) 2008 - Now .............................................................................................................................................. 4 Conclusion: The Future Attractiveness of Ireland................................................................................... 5 Bibliography ............................................................................................................................................ 7

Introduction: Post-Independence

Ireland’s unprecedented rise in economic power came about through a global outlook and government guided industrial policy. The rise stems back to the midcentury and is coupled with the formation of the Industrial Development Authority (IDA) in 1949 to promote investment within Ireland (Boyle, 2012). Their forward planning of global industrialisation, although cemented early, did not gain its enormous potential until the early 1990’s which marked the rise of the Celtic Tiger.

1949 - 1969

Ireland’s independence was achieved in 1949, and within the next ten years they sought to improve the dwindling economy joining the International Monetary Fund (IMF) and World Bank,...