The great economic success story of the past ten years has been the Republic of Ireland, which suffered from a 17 percent unemployment rate in the mid-1980s but enjoyed nearly double-digit economic growth rates in recent years. The Emerald Island serves as a valuable case study to illustrate how large the payoffs can be from better economic policies in the presence of favorable external factors.
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|Other Independent Review articles by James B. Burnham|
|Spring 2007||The White Mans Burden: Why the Wests Efforts to Aid the Rest Have Done So Much Ill and So Little Good|