economist Kevin Gardiner, head of global equity strategy at the
investment banking unit of global bank HSBC, in 1994 coined the term Celtic
Tiger, comparing Ireland's unexpected economic take-off to the Asian tiger
was then working with US investment bank Morgan
Stanley (Kevin Gardiner, 'The Irish Economy: a Celtic tiger',
MS Euroletter, 31 August 1994).
"Celtic Tiger" as a metaphor for the
Irish economic boom is very widely used, both in Ireland and
internationally. Economic historians will continue to find it a
convenient term for the unique period in the history of Ireland, for
many decades to come.
Irish Economy: Medium-Term
Review: 2005-2012 - ESRI says aura of invincibility is
coupled with considerable risks: The ESRI (Economic and Social Research Institute) published its latest
Medium-Term Review of the Irish economy on December 16, 2005. This Review is
published every second year, providing a comprehensive analysis of the prospects
for the Irish economy over a seven-year time horizon.
is Top Global Location for US Multinationals' Profits - Ireland
is the world's most profitable country for US corporations,
according to analysis by US tax journal Tax
In a study by the journal's Martin Sullivan, it was found that
profits made by US companies in Ireland doubled between 1999
and 2002 from $13.4 billion to $26.8 billion, while profits in
most of the rest of Europe fell. In his analysis Sullivan
termed Ireland a 'semi-tax haven' for US firms, because firms
are involved in real productivity in contrast with locations
such as Bermuda.
Ireland Boomed -
great economic success story of the past ten years has been
the Republic of Ireland. At the end of the year 2000, Ireland
could look back on fourteen years of uninterrupted economic
growth, which had accelerated to nearly 10 percent annually in
the closing years of the 1990s.
paper by Professor James B. Burnham, Murrin Professor of
Global Competitiveness, Donahue Graduate School of
Business, Duquesne University, Pittsburgh, Pennsylvania.