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Ireland
The Republic of Ireland lies in the
north Atlantic Ocean and is separated from Britain
by the Irish Sea to the east. The northeastern part
of the island (Northern Ireland) is part of the United
Kingdom. The country has a central plain surrounded
by a rim of mountains and hills offering some of the
most varied and unspoilt scenery in Europe – quiet
sandy beaches, semi-tropical bays warmed by the Gulf
Stream, and rugged cliffs make up the 5,600km (3,500
miles) of coastline.
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Celtic tribes arrived on the island between 600-150
B.C. Invasions by Norsemen that began in the late 8th
century were finally ended when King Brian BORU defeated
the Danes in 1014. English invasions began in the 12th
century and set off more than seven centuries of Anglo-Irish
struggle marked by fierce rebellions and harsh repressions.
A failed 1916 Easter Monday Rebellion touched off several
years of guerrilla warfare that in 1921 resulted in
independence from the UK for 26 southern counties; six
northern (Ulster) counties remained part of the UK.
In 1949, Ireland withdrew from the British Commonwealth;
it joined the European Community in 1973. Irish governments
have sought the peaceful unification of Ireland and
have cooperated with Britain against terrorist groups.
A peace settlement for Northern Ireland is gradually
being implemented despite some difficulties. In 2006,
the Irish and British governments developed and began
to implement the St. Andrews Agreement, building on
the Good Friday Agreement approved in 1998. |
Ireland
is a small, modern, trade-dependent economy. GDP growth
averaged 6% in 1995-2007, but economic activity dropped
sharply in 2008 and Ireland entered into a recession
for the first time in more than a decade with the onset
of the world financial crisis and subsequent severe
slowdown in the property and construction markets. Agriculture,
once the most important sector, is now dwarfed by industry
and services. Although the export sector, dominated
by foreign multinationals, remains a key component of
Ireland's economy, construction most recently fueled
economic growth along with strong consumer spending
and business investment. Property prices rose more rapidly
in Ireland in the decade up to 2006 than in any other
developed world economy. Per capita GDP also surged
during Ireland's high-growth years, and in 2007 surpassed
that of the United States. The Irish Government has
implemented a series of national economic programs designed
to curb price and wage inflation, invest in infrastructure,
increase labor force skills, and promote foreign investment.
In 2008 the COWEN government moved to guarantee all
bank deposits, recapitalize the banking system, and
establish partly-public venture capital funds in response
to the country's economic downturn. Ireland joined in
circulating the euro on 1 January 2002 along with 11
other EU nations.
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