Quote:
Originally Posted by afc wimbledon
If you mean going from subsistence level farming to selling a few bags of potatoes I will give you that Ireland's economy increased but as a country Ireland has been a disaster, through most of the last century it had 13% emigration rates there was so little work!
It had no manufacturing to speak off, it has been perennially theorist least developed country in Northern Europe, it's only salvation was joining the EU.
|
A disaster? What rubbish. Admittedly they're going through a rough patch recently (of which they're now emerging - they exited the EU bailout programme in December), but before the economic crisis, they had continous growth for 24 consecutive years - the highest growth rates in the entire continent.
Getting back to the original question about Ireland's economy, one of the major successes has been its low corporate tax rate. Forbes recently named the country as the best country for business -
http://www.forbes.com/sites/kurtbade...-for-business/ moving Obama to complain about the practice -
http://www.irishtimes.com/news/world...irms-1.1877474