realitycheck(dot)ie

Irish doctor with too many thoughts, too little time and a blog that's supposed to check in on reality.

Monday, June 26, 2006

How Ireland Became the Celtic Tiger

Just in case you didn't know.
From the American think-tank, the Heritage Foundation by Sean Dorgan, head of the IDA.

1 Comments:

Blogger Dealga said...

It need only be one paragraph... There was and is non-existant Corporation Tax, which lead to an influx of foreign corporations, whose wage bills paid for an explosion in people's disposable income, which then fed rampant consumerism.

This growth reached a natural end but has since been sustained and masked by a subsequent construction boom, sustained by people's obsession with home ownership and investors' obsession with commercial property.

June 28, 2006 10:31 a.m.  

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