Go n'eiri an t-adh leat, Ireland!
There's some reason to think so - employment numbers and the rebirth of the service sector point to cautious optimism that the shakeout is coming to an end. Ireland always had done a better job than its Continental Eurozone partners in building appropriate institutions, with a much more laissez-faire touch. Whether it can resume its growth path by following that approach again remains to be seen, but I'm hopeful. After all, small countries tend to be able to bounce back more quickly (smaller scale of damage, absolutely) and, more importantly, can overcome the political hurdles needed to put in place necessary reforms (less people to get on-board). It's why you see New Zealand, Hong Kong, Singapore, Denmark, Estonia, S. Korea, and other small countries dominating both the growth rates and the Doing Business rankings.
Go n'eiri an t-adh leat, Ireland!
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AuthorDr. Christopher Hartwell is an institutional economist and President of CASE Warsaw. All commentary on this page is exclusively his own and in no way represents the views of CASE, his wife, his dog, or anyone else. Especially not his wife or his dog. Archives
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