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La crise financière : révélateur des faiblesses du Tigre celtique ?

Abstract : For over 4 decades, the economic development of Ireland has been largely based on foreign direct investment. In order to attract multinational companies, the Republic of Ireland has opened up her economy, cut corporate taxes and offered a young, skilled and cheap workforce. This strategy worked has proved efficient as foreign investment has transformed the Irish economy since the end of the 1980s, – hence Ireland’s nickname, the “Celtic Tiger”. Nonetheless, in the past months, some multinational companies, such as Dell, which started its Irish operations 18 years ago, have decided to axe a great number of jobs in Ireland in order to open new subsidiaries in low-cost countries. With those relocations and redundancies, one can wonder about the impact of the economic crisis on Ireland’s economic development strategy? In April 2009, Finance Minister Brian Lenihan stated in his Budget speech that corporate tax would remain unchanged at 12.5% while other tax rates would be increased. Is Ireland still competitive enough to attract foreign investment? Are the current economic difficulties a direct consequence of the financial crisis or do they simply reveal more structural weaknesses? Does Ireland need again to change her economic paradigm? Is it time Ireland reexamined her economic paradigm?
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Submitted on : Tuesday, February 11, 2020 - 11:47:33 AM
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  • HAL Id : hal-02474295, version 1



Vanessa Boullet. La crise financière : révélateur des faiblesses du Tigre celtique ?. La crise financière et les économies du monde anglophone, Presses Sorbonne Nouvelle, 2010, 9782878545043. ⟨hal-02474295⟩



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