Inside the Celtic Tiger

Inside the Celtic Tiger

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Description

One of the poorest states in the European Union during the 1980s, the Republic of Ireland's economy has grown rapidly in the 1990s, despite an overwhelming dependence on foreign capital. Echoing the 'tiger' economies of East Asia, this has led many to dub Ireland the Celtic Tiger. In this original critique by one of Ireland's leading writers on economics, Denis O'Hearn sets Ireland's economic success in an international context and contrasts and compares its growth with the other 'tiger' economies. O'Hearn addresses some difficult but crucial questions, such as whether Ireland's apparent success is self-sustaining and what lessons can be learned from the downturn of the comparable East Asian economies. The study focuses on the importance for Ireland's rising economy of three US-led industrial sectors: computers, electrical engineering and pharmaceuticals. O'Hearn assesses who benefits and who loses from such foreign capital-led growth - in the context of working conditions, poverty, consumption and inequality - and argues that the country's apparently significant economic achievements are dominated by growth in corporate profits and professional incomes, but that there is no evidence, as yet, of 'trickle-down' to other sectors.
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Product details

  • Hardback | 216 pages
  • 139.7 x 222.25 x 19.05mm | 385.55g
  • PLUTO PRESS
  • London, United Kingdom
  • English
  • 0745312888
  • 9780745312880

About Denis O'Hearn

Douglas Dowd is a widely respected academic and political activist. He has taught at Cornell University, Johns Hopkins University, University of California, Berkeley, and San Jose State University and is currently teaching at the University of Modena in Italy. He is the author of Capitalism and its Economics (Pluto, 2004).
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Review quote

'O'Hearn's debunking of the myths associated with the Celtic tiger is a timely and convincing contribution' -- Sociology 'A stimulating and provocative account of the dilemmas of development in an era of globalisation' -- Irish Journal of Sociology 'Politicians ought to take a few pages of Inside the Celtic Tiger before breakfast every day' -- Books Ireland
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Table of contents

Introduction

1. Comparative Tigerhood

2. Celtic Kitten

3. The Most Wonderful Thing About Tiggers: Economic Growth

4. Work and Employment

5. Poverty and Inequality: Is the Tiger Neglecting Her Cubs?

6. Tigers: An Endangered Species?

Notes

Bibliography

Index
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