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Economy
Lessons From Ireland on Economic Growth PDF Print Email this article
Written by Bright Future Staff   
Wednesday, Jul 02, 2008

Lessons from Ireland on Economic Growth

For most of the past 300 years or so Ireland has had the dubious distinction of being a country more known for the hardships suffered by its inhabitants than for its beautiful countryside.   While people in other parts of the United Kingdom and in Europe enjoyed a relatively high standard of living Ireland lagged far behind.  Up until the early 1970ís the average income in Ireland was approximately one half of that of the rest of the UK. Over the next 35 years that status would change dramatically.

Today Ireland is rated one of the best countries in the world in which to live.  Ireland boasts the fourth highest gross domestic product per person and very low unemployment.    University tuition is free and there are a high percentage of skilled positions available.

How did Ireland accomplish such a dramatic turnaround?

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Last Updated ( Friday, Jul 18, 2008 )
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