1. Reasons behind the Irish Celtic Tiger
The marked change in the direction and effectiveness of fiscal policy in the late 1980s was absolutely critical to Ireland's subsequent economic success. ... New policies in the late 1980s focused on cutting the debt/GDP ratio. ... Following on the high tax policy of the 1980s and the reorientation in fiscal policy, it proved hugely successful in terms of revenue generation. ... In other words fiscal stabilization was about making up lost ground, not achieving a new steady state. ... Foreign investment The main fiscal incentive for foreign direct investment (FDI) is a hig...
- Word Count: 1917
- Approx Pages: 8
- Grade Level: Undergraduate