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Showing posts with label Business-friendly environment. Show all posts
Showing posts with label Business-friendly environment. Show all posts

Monday, July 17, 2023

Roger Partridge: Irish luck or Kiwi good fortune?


According to American folklore, Irish gold miners were notorious for striking it lucky. Yet, historian Edward O’Donnell claims the phrase ‘The luck of the Irish’ comes with a hint of derision. It’s as if to say, ‘Only by sheer luck, as opposed to brains, could these fools succeed.’

A hundred years or so later, the Irish are still accused of dumb luck. At the end of the 20th century, Ireland leapt up the OECD’s GDP-per-capita ranks to sit alongside a handful of nations at the top of the table.

Depending on who you ask, this was down to Ireland’s good fortune in having the European Union subsidise its infrastructure. Or to Ireland’s luck in being an English-speaking access point for foreign firms wanting to do business with Europe. Or perhaps more scandalously, it was because Ireland had the gall to set low corporate tax rates – and the luck to get away with it.