Celtic Tiger in Collapse

In the late 1990s Ireland emerged as a 'Celtic Tiger' and was widely seen as offering a model of successful development for latecomers in the context of today's globalized world which attracted extensive international attention. The deep and sudden collapse of the Irish economy in the context of the [...]
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In the late 1990s Ireland emerged as a 'Celtic Tiger' and was widely seen as offering a model of successful development for latecomers in the context of today's globalized world which attracted extensive international attention. The deep and sudden collapse of the Irish economy in the context of the global crisis of 2008 has raised questions about the weaknesses of the model. This book explains how the Irish collapse resulted from key features of the model and analyses how these weaknesses reflect deeply entrenched institutional, cultural and political features of Irish society. It concludes by mapping the contours of responses to what is the deepest crisis faced by the Irish state since independence. Amid the burgeoning literature on the Celtic Tiger, the book is unique in taking a political economy approach that identifies how the interaction of state, market and society helped constitute the Irish model. This substantially revised second edition of The Celtic Tiger in Distress: Growth and Inequality in Ireland remains the definitive work on the Celtic Tiger.