Exploring Political Issues
The management of the Celtic Tiger seen through Elitist and Marxist Approaches
Ireland’s economy developed dramatically during the 1990s, and was referred to as the
“Celtic Tiger” - an analogous term for the East Asian Tigers. As a member of the EC, foreign investors saw Ireland as a potential platform to launch their products into Europe.
Also, there was a lower corporate tax rate, a skilled workforce and improved economic management. While the country did, at the time of the Celtic Tiger, benefit from direct foreign investment and the extensive external trade, its lasting effects were detrimental to its economy,
(Burnham 2003). Ireland’s Celtic Tiger period has very much diminished and the aftermath of the reckless management of the past ten years is less than desirable. Austerity measures now put in place are so severe the working class population of Ireland are finding it harder than ever to survive.
Due to the fall of the Banking sector, Ireland has now lost control of its economic standing and is now in severe debt to the European Central Bank (ECB) and the International Money
Fund (IMF), (Laiho, H. 2012). Economic progress in Ireland is stagnant at present with suggestions that politicians are focusing on personal gain rather than national growth.
Politicians, instead of addressing problems as they arose, buried their heads in the sand and as a result Ireland has lost its economic independence which has been regrettably handed over to other European countries.
Bearing in mind the aforementioned, this essay will attempt to discuss the political management of the failing Celtic Tiger through the opinions of the both the Elitist, Marxist and pluralist approaches.
The first theory to be defined is pluralism. This theory governs political science with its emphasis on diversity of groups and interests within the state; it precludes any one group from taking control and dominating. Distinction between political
Ireland’s economy developed dramatically during the 1990s, and was referred to as the
“Celtic Tiger” - an analogous term for the East Asian Tigers. As a member of the EC, foreign investors saw Ireland as a potential platform to launch their products into Europe.
Also, there was a lower corporate tax rate, a skilled workforce and improved economic management. While the country did, at the time of the Celtic Tiger, benefit from direct foreign investment and the extensive external trade, its lasting effects were detrimental to its economy,
(Burnham 2003). Ireland’s Celtic Tiger period has very much diminished and the aftermath of the reckless management of the past ten years is less than desirable. Austerity measures now put in place are so severe the working class population of Ireland are finding it harder than ever to survive.
Due to the fall of the Banking sector, Ireland has now lost control of its economic standing and is now in severe debt to the European Central Bank (ECB) and the International Money
Fund (IMF), (Laiho, H. 2012). Economic progress in Ireland is stagnant at present with suggestions that politicians are focusing on personal gain rather than national growth.
Politicians, instead of addressing problems as they arose, buried their heads in the sand and as a result Ireland has lost its economic independence which has been regrettably handed over to other European countries.
Bearing in mind the aforementioned, this essay will attempt to discuss the political management of the failing Celtic Tiger through the opinions of the both the Elitist, Marxist and pluralist approaches.
The first theory to be defined is pluralism. This theory governs political science with its emphasis on diversity of groups and interests within the state; it precludes any one group from taking control and dominating. Distinction between political
References: Burnham, J. B. (2003) Why Ireland boomed. Independent Review, Vol. 7, (4), pp537-557 Cuddy, L Laiho, H. (2012). Class notes. Regling, K. & Watson, M. (2010) A Preliminary Report on The Sources of Ireland’s Banking Crisis. Retrieved June 1, 2012 from http://www.bankinginquiry.gov.ie/Preliminary%20Report%20into%20Ireland%27s%20Banking%20Crisis%2031%20May%202010.pdf Stillo, M. (1999) Antonio Gramsci. Retrieved June 15, 2012 from www.theory.org.uk