Word: irelands
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Largely as a result, economic growth in Ireland this year will be Western Europe's highest: 6.5%. Unemployment is also a high 9% but bucks Europe's rising trend and is generally expected to fall to 4% in the early 1980s...
First, advises Killeen, make industrial development a national commitment, a cause that will attract the society's brightest minds. Every country has its high-spirited elite. In some it is the marines, in others the entrepreneurs or professors or civil servants. In Ireland it is the IDA, which gets its pick of the university graduates. After a few years they can parachute into richer jobs in business, but most stay because it is a calling...
Second, Killeen continues, give companies plenty of incentive to expand and export. Those settling in Ireland get government cash grants for building, training, research. Export profits are taxfree. Taxes on domestic profits are reduced from the normal 54% to 25% for companies that expand and create jobs. Says Killeen in his light brogue: "Corporate taxes in Ireland have been insignificant because, until recently, we didn't have much...
...expropriation. As Killeen puts it: "We don't have a class-struggle mentality or a soak-the-rich attitude because we haven't had many rich. But we're very much an ownership country. The vast majority of people own their own homes or farms." Ireland claims to be one of the few countries that guarantee the right to private property in their constitutions and really mean...
...right to protection against failure. Unlike many nations, Ireland does not bail out inefficient, failing companies. Of course, most succeed. For U.S. branches, the return on capital in Ireland is 28.5%, which is half again as much as American firms earn in West Germany, and almost four times as much as in Britain...