Ireland: Celtic Tiger

This case is about Ireland's economic development over the past 100-plus years and how the government turned this small island's economy around. Ireland's population had dropped from 8 million in the late nineteenth century to 3 million by 1990. It was considered the poorest EU country, known for its extreme poverty, high unemployment, and bleak economic future. Through increased linkage to Europe, Ireland became a global trading economy. Their overall success stems from a low tax rate, well educated population, and a skilled and flexible workforce. The case explores all of these aspects of Ireland's "economic miracle."