Friday, March 17, 2006

Happy St. Patrick's Day!!!

In honor of my third favorite holiday (1. Christmas, 2. Halloween) please check out this brief story about Ireland. Ireland experienced massive growth recently because of it tax-exemptions for foreign companies, especially in the technology sector. The comments on the lack of workers and minimal infrastructure are interesting and combine that with the high taxes on second household incomes and it seems Ireland must figure out how to balance taxes, government expenditure and economic expansion. Ireland is a success story like none other. It overcame civil war and a dismal economic situation to become a power in Europe, but can it continue?

1 Comments:

At 3:02 PM, Anonymous Anonymous said...

In light of the occassion (St. Patty's Day) and the blog's interest in economics, I offer this article posted on Slate.com: What's With All The Fake Irish Pubs?" Further proof that anything can be commoditized.

 

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