Abstract
Reviews Ireland's economic development over the past hundred years and how the government turned this small island's economy around. Ireland's population had dropped from eight million in the late 19th century to three million by 1990. It was considered the poorest European Union country, known for its extreme poverty, high unemployment, and bleak economic future. Through increased linkage to Europe, Ireland became a global trading economy. Its overall success stemmed from a low tax rate, a well-educated population, and a skilled and flexible workforce. Explores all of these aspects of Ireland's “economic miracle.”
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