How did Ireland become the Celtic Tiger?

Answer 1

With the development of a highly skilled and educated workforce, a low cost base, an extremely low corporate tax rate, membership of the EU and an aggressive approach to attracting foreign direct investment however, the later years of the celtic tiger the focus shifted to property and it was simply a consumer boom driven by cheap credit which caused prices and wages to become so high that Ireland was no longer attractive to multinational companies which caused them to leave (Dell Ireland being one) with the loss of thousands of jobs combined with the banking and property collapse the Irish economy needed an International bailout by the EU and IMF in order to cover the losses of banks the Irish Government Guaranteed