Twenty years ago in Governance: “The Irish economy is a mess”
“The Irish economy, quite simply, is a mess,” Anthony G. Cahill wrote in the April 1989 issue of Governance. In his overview of Ireland’s economy and politics, Cahill speculates about the likely impact of the country’s integration into the European common market. His skepticism about the country’s ability to transform its political economy initially seemed to be refuted by a period of rapid growth that caused many to call Ireland the “Celtic Tiger.” But the years of optimism are over. As the Irish Times editorialized in January 2009: “We have gone from the Celtic Tiger to an era of financial fear with the suddenness of a Titanic-style shipwreck, thrown from comfort, even luxury, into a cold sea of uncertainty.” Read Cahill’s article — Ireland looks toward 1992 (but remembers 1948, 1916, 1798, 1782, and 1688) (2.2, pages 213-220) — in the Governance archives.