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Scrutiny
  
I’m the Land…
…of myriad opportunities
26/07/2007

The history of Ireland may be a canvas drawn with dark hues of crippling poverty, starvation, disease & strife; but the people here had re-drawn the picture with bright prosperous colours of transmogrification and dazzling economic growth.

After its separation from the United Kingdom in 1973, Republic of Ireland has transformed itself from a traditional agrarian economy to a modern technology-driven economy. The GDP per capita stands at a whopping $44,500 with employment rate of 96%. In just ten years, Ireland reduced its unemployment rate by two-third, and has been witnessing the phenomenon of ‘Reverse Migration’. This Celtic Tiger provisions its investors an open market, flexible labour market, friendly business environment & booming infrastructure. But the key driver of foreign investments has been Ireland’s strong international relationships, strategic location & favourable demographics. Also the ability in maintaining public finances & labour supply has helped it to fortify its resilience altogether.

Be it economics or social, Ireland had struck a right balance, thus making it one of the most desirable place to stay. Many a pundit opine that Irish phenomena is tough to replicate & may easily leave several competing economies behind in the race to riches.

By:- B&E
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