Ireland has been an interesting country to learn about, not just on broad view over the economy of the country; but studying about specific events that are driving the country. Ireland is a world leader in going "Green", which in fact has given the country cheaper electricity, a leading car producer for Hybrids, and gives the ability to dig into to there natural resources less and sell more. Along with the exportation, Ireland has in sourced many jobs and laying claim to some of the biggest companies in the world that call Ireland home. Ireland is becoming a well rounded country with not just industry, as well as taking care of its nation's people.
Even with the country as well suffering from a global recession, less that 8% of the country is under the poverty line. This showing the cost of living in Ireland is less than most countries, as well as showing a the prosperity of a fast growing nation. Ireland has also managed to take more advantage of a thriving tourism industry that has helped small businesses more so than other countries in the European Union, that is all connected by the EURO. Though, Ireland has been in its past famines and collapsing to rebuilding economic infrastructure; Ireland still manages still to be in five economies in the world that is economically free to citizens.
The study on Ireland has opened up my mind more about other economic solutions and that there is more than one way to drive a country economically. I will find myself still looking up Ireland, because it is now become a routine. This will further my knowledge beyond the semester.
No comments:
Post a Comment