Wednesday, June 29, 2005

The Celtic Tiger


Tom Friedman has an op-ed in today's Times on the surging Irish economy. Of course, if an economic surge lasts for over a decade, it's probably not a surge anymore, is it? Anyway, check out the article if: a) you have any interest in Ireland; b) you have any interest in European economics; or c) you want to take advantage of reading NY Times editorialists for free while it lasts. A teaser:
Here's something you probably didn't know: Ireland today is the richest country in the European Union after Luxembourg.
Irish bloggers have picked up on the op-ed and have a few comments of their own, including some additional requirements for gaining Irish-like economic speed.
1) cut taxes – especially corporate taxes
2) be open to trade
3) join the EU, get loads of money from bigger, richer nations who hardly notice how much you've taken them for
4) at the same time compete aggressively against those same EU members for foreign direct investment and (a real plus here) ensure that other EU members adopt anti-competitive tax policies, which help make you even more competitive.
Either way, the Friedman piece is not groundbreaking, but worth a look all the same.

--Frank

1 Comments:

Blogger Drew Brohammer said...

man kerry really is a douche.

1:25 PM  

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