International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

 

A Comparison of the Polish Economic Model to the Irish Economic Model
Michael J. Gallagher, Wayne Buchanan

Abstract
The Irish economy experienced significant growth during from 1990 to 2007. The “Celtic Tiger” became the model for the expanded European Union with their economic growth fueled by globalization. The “Taming of the Celtic Tiger” was the result of the global economic crises that resulted from a flat growth rate from 2007 - 2010 in the Gross Domestic Product (GDP) of the United States. The Polish economy experienced rapid economic growth from 1990 to 2010. This paper will analyze the changes of the GDP of the Irish economy and the Polish economy. The Polish economy is still considered a developing economy whereas the Irish economy peaked in 2007. The “Taming of the Celtic Tiger” may have been caused by the reliance of the economic growth on the global economy and in particular the economy of the United States. The time period from 1990 to the 2015 estimates will be used for this trend analysis.

Full Text: PDF