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“Celtic Tiger”: the Rise of Ireland to an Economic Successful Country for Foreign Investment

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“Celtic Tiger”:
The rise of Ireland to an economic successful country for foreign investment

K. Siebeneicher
ENG 240
Communications for Business and the Professions

Ireland’s improvement from a country dominated by poverty and violence into an economically as well as financially successful country has not only turned it into one of the most successful countries in the European Union but also into an attractive choice for foreign investors from all over the world. If somebody is asked what Ireland is famous for most likely the answer will be Guinness- beer or Saint Patrick’s Day. Most people know Ireland as a popular tourist destination located in the western part of Europe. Well-known for its beautiful landscape, historical remnants and ruins of its fascinating history Ireland attracts millions of tourists every year. Whether tourists plan to visit some of the several ancient Castles, such as Trim Castle, ancient monuments such as the Beaghmore Stones or enjoy themselves playing golf, going fishing or watching horse racing Ireland offers anything a person is looking for in a vacation. (History & Heritage, 2008) Although its history and landscape it interesting and beautiful, Ireland is also branded for its troubled and violent history which includes diseases, starvation, wars and terrorism. Not many people are acquainted with the fact that after the period of violence and struggle, around 1990, crucial changes in the government were made and strategies to revive the economy were developed in order to establish an economical and financial stable country. The Industrial Development Agency played a major role in improving the “country’s economy, attracting new investors from abroad and was also responsible for launching an international marketing campaign called ‘The Irish Mind’” (Dorgan, 2005). Within a few years the economy started…...

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