Why Ireland Boomed
By James B. Burnham
This article appeared in the Spring 2003 issue of The Independent Review
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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