The Celtic Tiger
From Dickinson College Wiki
Positive Economic Effects
- Unemployment rate dropped significantly
- Fell from 18% in lat 1980's to 4.2% in 2005
- Average industrial wage grew at one of the highest rates in Europe
- Public Debt
- Dramatically cut to become one of the lowest in Europe (34% GDP in 2001)
- Public spending doubled without any significant increase in taxation levels
- Modern Ireland
- New transportation services
- New monuments
- Enhanced street appearance
- Dual Labor Market
- Increased the number of highly skilled workers
- Vast amount of well paid jobs