Wikipedia:Today's featured article/November 29, 2004

The Celtic Tiger is a nickname for the Republic of Ireland during its period of rapid economic growth between the 1990s and 2001 or 2002. Many economists credit Ireland's low taxation rate (10 to 12.5 percent throughout the late 1990s) and business-friendly regulation policies as responsible for much of the growth. A more sceptical interpretation is that much of the growth was due to the fact that the economy of Ireland had lagged the rest of northwestern Europe for so long that it had become the one of few remaining sources of a relatively large, low-wage labour pool left in Western Europe. (more...)

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