Why Is Ireland Pulling Ahead of Britain?

Why Is Ireland Getting Richer Than Britain? This Ireland vs Britain economy documentary explains how Ireland went from one of Europe’s poorest countries to one of the richest on paper, while Britain’s growth stalled after 2008. For most of the 20th century, Ireland was the country people left. Then a series of choices changed its path: opening up to trade, free secondary education, joining the European single market, a 12.5% corporate tax rate, and a wave of American tech and pharma investment that built the Celtic Tiger. We also look at why Britain fell behind, from the 2008 financial crisis and weak productivity to low investment and Brexit. There is a twist. Part of Ireland’s wealth is real, and part of it is “leprechaun economics”: multinational profits that pass through the country on paper. We compare GDP with Ireland’s own GNI* measure to show how rich Ireland really is. Information sources: https://www.cso.ie/en/releasesandpubl... https://ec.europa.eu/eurostat/web/pro... https://blog.ons.gov.uk/2017/12/07/ou... https://obr.uk/forecasts-in-depth/the... https://www.resolutionfoundation.org/... https://www.brookings.edu/articles/ca... https://www.oecd.org/en/publications/... https://data.worldbank.org/indicator/... 0:00 - Ireland: The Poorest of the Rich 0:54 - Two Islands, One Shadow 2:21 - The Quiet U-Turn 3:43 - Rock Bottom 5:09 - The Celtic Tiger 6:31 - The Crash 7:35 - Britain’s Long Stall 9:44 - Leprechaun Economics 11:01 - Where Things Stand Today 12:58 - Why Ireland Overtook Britain #Ireland #UKEconomy #Economics