Seminar paper from the year 2002 in the subject Economics - Case Scenarios, grade: 1,7 (A-), http://www.uni-jena.de/ (Department of Intercultural Economic Communications), course: Seminar: British culture and economic performanceer, 5 + 22 Internet entries in the bibliography, language: English, abstract: The globalisation of the world economy is one of the most important business and economicphenomenon at the close of the 20 th century. The process has been driven by a wide range offorces such as improvements in transport and communications and, most importantly, theclear demonstration that openess to the international economy offers a route to economicdevelopment while isolatio offers stagnation and decline. Ireland has also participatedenthusiastically in this process through the development of a modern trading industrial base.The last years of the twentieth century have added an exceptional dimension to the transitionto a new millennium in Ireland. The economy of the Republic of Ireland has undergone asingular transformation; it has surmounted crippling weaknesses to attract widespread recognitionfor its impressive performance. No part of the island and no individual on it has beenwholly insulated from the effects of this turnaround.Within the scope of our group presentation I´ve get very interested in this phenomenon of theso called “Celtic Tiger”. In this termpaper I will try to explain what the “Celtic Tiger” is andwhat makes him run. I will also try to describe its effects. Although the Celic Tiger has led toan enormous growth, there is another side of the coin. Not every member of the Irish Republichas profited by the changes in the country. There aren´t only winners. It´s my aim to show thedifferent sides of this economic boom of Ireland. I will analyse the advantages and highlightsbut also the downside of the Celtic Tiger and at the end of the paper the main points will besummarized in my conclusion.