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About LinkBacksOK I've heard contradiction after contradiction on this, but what or who created the economic boom? Was it public policy or private endeavour? Was it connected to the property market?
OK I've heard contradiction after contradiction on this, but what or who created the economic boom? Was it public policy or private endeavour? Was it connected to the property market?
Not an expert so i would be interested to see what others think of this.
In no particular order
1 .Government tax policies among other things.
2. Availibility of credit
3. European investment and access to markets
4. Multinationals
5. Partnership agreements
6. The Peace Process
7. Surge in population
8. The education system
9. A familiar gateway to Europe for american goods
Great question!
The answer is the Irish Credit Unions and the Irish soccer team. In 1988 we got to the European finals in Stuttgart and because this was such a historic sporting achievement, people ripped up their matresses, broke open their lifelong piggy banks and into their pensions and ... spent it all getting to Germany. This doubled the wealth of the country overnight and it's been up and up since then.
Apparently the Internet and the Northern Irish Peace Process in the early nineties might have had a minor influence.
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American corporate expansion
IDA
Cheap German Credit
Favourable demographics
well educated workforce
Low costs
Ireland Her Own and All Therein, From the Sod to the Sky - James Fintan Lalor
Garret FitzGerald because he took the hard decisions to sort out our public finances and despite popular belief it was the Fine Gael/Labour government who started the IFSC not Haughey and Dermot Desmond and it was also the Fine Gael/Labour government which started the renocation of Government Buildings not Charlie Haughey.
Seriously though unless inflation was tackled and the public finances were brought under control and given some stability none of what followed could have happened.
i heard that the opposition and government decided on a few areas not to oppose each other, and worked together to get out of the economic rut
Food tastes better when you put it all together! It's the one best mayonnaise!
It was a combination of factors and no one party or government can claim all of the credit.
The political establishment lacks both vision and courage.
i think some of the above did play a part bar the peace process, the "boom" had started before that i believe and to be honest i don't think it was very relevant though i'm open to correctionOriginally Posted by anmajornarthainig
on the matter of partnership agreements i do think they helped a lot but think they could / are coming back to haunt us esp regard to public service wage costs.
the surge in population was something that happened post initial boom but helped drive it to the next level by providing additional and low cost labour
if there was a single item tough i'd think it was tax, a combination of CGT and Corp tax rate reductions
but then again what do i know :P
Enda Kenny on FF government: “We’re in this mess, not because Fianna Fáil policies have failed, but because they have succeeded.”
you sure your not David McWilliams ? that almost sounds like "the popes children verbatim
Enda Kenny on FF government: “We’re in this mess, not because Fianna Fáil policies have failed, but because they have succeeded.”
Thanks for reading it Dr. Bob and commenting
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