Ready, Fire, Aim! - Mihail's Public Blog: Ireland's advice

Wednesday, June 29, 2005

Ireland's advice

According to this Thomas Friedman New York Times column on Ireland, the second-richest country in the European Union based on per capita GDP:

Ireland's advice is very simple: Make high school and college education free; make your corporate taxes low, simple and transparent; actively seek out global companies; open your economy to competition; speak English; keep your fiscal house in order; and build a consensus around the whole package with labor and management - then hang in there, because there will be bumps in the road - and you, too, can become one of the richest countries in Europe.

"It wasn't a miracle, we didn't find gold," said Mary Harney. "It was the right domestic policies and embracing globalization."

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