Countries you don't understand why they're so rich or poor (low income, 2013)
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Of course it matter!! Just think the if Europe Union finish… Do you think these tons of offshore companies won’t go out Ireland they aren’t there for Ireland but for European market??
The same for ‘’rich’’ oil exporter or tax heavens or raw material countries dependents. Is not a genuine wealth how it is in countries of diverse and independent economy.
Why is Ireland or New Zealand's GDP any less genuine than Brazil's GDP?
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Originally Posted by saturno_v
Exactly...Ireland basically was imploding few years ago...
Sure, but look at in now -it's economy was diverse enough that it could keep earning.
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Originally Posted by saturno_v
Same as the Irish.....to get bailed out after positioning themselves at 90 degrees.....
Independent??
Greece's financial crisis was fundamentally different (from what I can figure out),in that it was more a case of living beyond their means -the illusion of wealth that wasn't
I don't know much about the Irish financial crisis, but it does seem to be largely about the vulnerability of the eurozone in general. Ireland has been able to repay the bailout money.
Ireland's economy is as independent as any country in the E.U can be.
Why is Ireland or New Zealand's GDP any less genuine than Brazil's GDP?
Never said it was less genuine
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Greece's financial crisis was fundamentally different (from what I can figure out),in that it was more a case of living beyond their means -the illusion of wealth that wasn't
A lot of similarities but Ireland, indeed, had the ability to keep attracting foreign capital where Greece did not.
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Ireland's economy is as independent as any country in the E.U can be.
No country in the EU is really independent anymore other than France and Germany....you do what the Troika tells you to do.
Ireland's GDP now is all that matters, not at some point in the future.
Ireland looks liking having a diverse and independent economy and it's citizens enjoy a high standard of living -not sure why the wealth it has, wouldn't be considered genuine.
Is Singapore's wealth genuine?
GDP is not really a good measurement for the material prosperity of a country. Especially when it comes to smaller countries. When I remember correctly, two years ago, the GDP of Ireland increased by about 30%. The reason for this extraordinary "growth" was that a few large corporations moved their legal seats to Ireland. The balance sheet of these corporations increased Irelands GDP. But that doesn't mean that Ireland increased its production of goods and services by 30%.
GDP is not a reliable measurement for the production of goods and services or the material well-being within a certain area.
The material well-being for the Irish is pretty average for the European Union. Actually even slightly below EU average.
GDP is not really a good measurement for the material prosperity of a country. Especially when it comes to smaller countries. When I remember correctly, two years ago, the GDP of Ireland increased by about 30%. The reason for this extraordinary "growth" was that a few large corporations moved their legal seats to Ireland. The balance sheet of these corporations increased Irelands GDP. But that doesn't mean that Ireland increased its production of goods and services by 30%.
GDP is not a reliable measurement for the production of goods and services or the material well-being within a certain area.
The material well-being for the Irish is pretty average for the European Union. Actually even slightly below EU average.
But those companies in Ireland pay taxes in Ireland (like Apple) and that may increase the income of the country.
GDP is not really a good measurement for the material prosperity of a country. Especially when it comes to smaller countries. When I remember correctly, two years ago, the GDP of Ireland increased by about 30%. The reason for this extraordinary "growth" was that a few large corporations moved their legal seats to Ireland. The balance sheet of these corporations increased Irelands GDP. But that doesn't mean that Ireland increased its production of goods and services by 30%.
GDP is not a reliable measurement for the production of goods and services or the material well-being within a certain area.
The material well-being for the Irish is pretty average for the European Union. Actually even slightly below EU average.
Exactly...the connection between the GDP raw figure and the general well being of the people is tenuous at best
But those companies in Ireland pay taxes in Ireland (like Apple) and that may increase the income of the country.
........Or maybe they do not pay any takes or very little at all and that's make some countries attractive.
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