chapter  3
20 Pages

The Irish economy in international perspective

It was not always like this. Any Irish person born in the immediate aftermath of World War II has seen their country undergo an extraordinary transfonnation. Once upon a time Ireland was an inward-looking, inefficient, economic basket case, haen10rrhaging their population through emigration. Today, it attracts the admiration of the nations and businesses of the developed and developing world. How did this come about, when as recently as 1988 The Economist magazine portrayed Ireland as a beggar nation secking alms?