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The Celtic Tiger’s lessons on economic and political development

Author

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  • Mauricio Nieto Potes

    () (Docente investigador de la Maestría en Gestión de las Organizaciones (MGO) de la Université du Québec à Chicoutimi (UQAC) de Canadá en convenio con la Universidad Escuela de Administración de Negocios (EAN) de Colombia. Dirección: Carrera 11 Número 78-47, Bogotá D.C. Colombia.)

  • David Ocampo Guzmán

    () (Candidato de la Maestría en Gestión de las Organizaciones, Universidad Escuela de Administración de Negocios (EAN) de Colombia. Dirección: Carrera 11 Número 78-47, Bogotá D.C. Colombia.)

  • Iván A. Montes Piedrahita

    () (Candidato de la Maestría en Gestión de las Organizaciones, Universidad Escuela de Administración de Negocios (EAN) de Colombia Dirección: Carrera 11 Número 78-47, Bogotá D.C. Colombia.)

Abstract

Ireland’s remarkable economic growth during the last decades, following its successful peace treaties, has caught the attention of countries with ongoing internal conflicts, such as Colombia. The Irish case’s analysis must enable the extraction of valuable lessons regarding how –apart from solving the internal conflict– to define and execute the national development strategies. Ireland’s case illustrates how an excessive dependence on exports as well as an inadequate management of public finances can lead to crises that cast a shadow on other accomplishments. The highlight of this case study is realizing that by having the different economic agents and stakeholders –Academia, Government, Corporate– working together in a coordinate fashion a thorough economic transformation can be achieved, and that privileging social and education policies assures economic profit and growth.

Suggested Citation

  • Mauricio Nieto Potes & David Ocampo Guzmán & Iván A. Montes Piedrahita, 2010. "The Celtic Tiger’s lessons on economic and political development," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 35(29), pages 11-36, January-j.
  • Handle: RePEc:ula:econom:v:35:y:2010:i:29:p:11-36
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    Keywords

    End of the Conflict; education; Direct Foreign Investment (IED); growth strategies; economic development.;

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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