Celtic Tiger
EXECUTIVE SUMMARY
Ireland has always been considered a land of mystical and often magical happenings. This is also proved by Ireland’s success over the past two decades. This report has analysed how Ireland has been successful in attracting FDI into the country. The main reason for this has been the various policies adopted and also how the creation of IDA has been a boost to the country’s economy. The analysis further moves into the benefits of attracting FDI and also how the location of Ireland and has help built Ireland into what it is today. This analysis leads us into the notion of Ireland as “THE CELTIC TIGER”, how this notion has come through and what initiatives have the government taken to living to this notion. The notion of Ireland as “The Celtic Tiger” is used to refer to the time period (The Celtic Tiger years) and also the country. This notion was given to signify the rapid economic growth.
This report then analyses the challenges which might be faced by the government, like loss of competitiveness, promoting indigenous industry etc. And then we move into analysing the position of Ireland in the European Union. Being a part of the European Union was one of the major turning points in Ireland’s economic growth.
Finally we conclude by saying 1) that Ireland’s ability to attract foreign direct investment (FDI) was one of the defining features of the country’s economic success over the 1990s 2) timely tax breaks have created various employment opportunities 3) But the economy has overlooked or neglected some of the factors.
So from the conclusion we recommend that Ireland should continuously improve the infrastructure, build up a favourable environment for entrepreneurship, increase the mobility of students and more importantly improve the R&D capabilities apart from others. This will help Ireland cope up with any future challenges.
TABLE OF CONTENT
TOPIC PAGE NO
INTRODUCTION 4
HISTORY 5
FDI 6
BIRTH OF CELTIC TIGER 8
CHALLENGES FACED
Ireland has always been considered a land of mystical and often magical happenings. This is also proved by Ireland’s success over the past two decades. This report has analysed how Ireland has been successful in attracting FDI into the country. The main reason for this has been the various policies adopted and also how the creation of IDA has been a boost to the country’s economy. The analysis further moves into the benefits of attracting FDI and also how the location of Ireland and has help built Ireland into what it is today. This analysis leads us into the notion of Ireland as “THE CELTIC TIGER”, how this notion has come through and what initiatives have the government taken to living to this notion. The notion of Ireland as “The Celtic Tiger” is used to refer to the time period (The Celtic Tiger years) and also the country. This notion was given to signify the rapid economic growth.
This report then analyses the challenges which might be faced by the government, like loss of competitiveness, promoting indigenous industry etc. And then we move into analysing the position of Ireland in the European Union. Being a part of the European Union was one of the major turning points in Ireland’s economic growth.
Finally we conclude by saying 1) that Ireland’s ability to attract foreign direct investment (FDI) was one of the defining features of the country’s economic success over the 1990s 2) timely tax breaks have created various employment opportunities 3) But the economy has overlooked or neglected some of the factors.
So from the conclusion we recommend that Ireland should continuously improve the infrastructure, build up a favourable environment for entrepreneurship, increase the mobility of students and more importantly improve the R&D capabilities apart from others. This will help Ireland cope up with any future challenges.
TABLE OF CONTENT
TOPIC PAGE NO
INTRODUCTION 4
HISTORY 5
FDI 6
BIRTH OF CELTIC TIGER 8
CHALLENGES FACED
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