Ireland’s Journey to Economic Disaster
In the 1990s, Ireland was known worldwide as the fast-growing “Celtic Tiger.” Booming exports driven by foreign investment got the headlines, but the real story was a massive growth in employment in a country historically marked by high unemployment and emigration. At the end of the 1990s boom, Irish society had hitherto unimaginable resources available, including economic, institutional and cultural riches. The Irish economy had been stabilized...