Bound Volume Number

2

Document Type

Honors Capstone Project

Date of Submission

Spring 5-1-2015

Capstone Advisor

Prof. Devashish Mitra

Honors Reader

Prof. Dan Zacharia

Capstone Major

Economics

Capstone College

Arts and Science

Audio/Visual Component

no

Keywords

global financial crisis, Ireland, developing economies, economic development

Capstone Prize Winner

no

Won Capstone Funding

no

Honors Categories

Social Sciences

Subject Categories

Economic History | Growth and Development | International Economics

Abstract

Due to the vast developments in technology and information sharing, developing countries now have instant access to a library full of articles documenting the growth of various developed countries in the world. As these countries are searching for an economic model and hoping to replicate its result, they often come across Ireland’s economic success during the Celtic Tiger times. During this period, Ireland transformed from the “poorest of the rich” to “one of Europe’s shining lights.” Although Ireland's economic growth seems extremely appealing, how likely is it that another country could follow Ireland’s success by adopting its economic approach?

This project begins by providing a brief overview of Ireland’s economic history to describe Ireland’s economic status prior to the growth, followed by the build-up to the Celtic Tiger years and Ireland's success, and it ends by analyzing its eventual slowdown due to the global financial crisis. The paper concludes by answering the question, “Is the Celtic Tiger a replicable success story?”

Creative Commons License

Creative Commons Attribution 3.0 License
This work is licensed under a Creative Commons Attribution 3.0 License.

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