While the Stories about economic crises and falls of important political structures are usually the most striking and those that take all attention, sometimes it is good to remember and review the actions of countries that They knew how to get up after misfortune and grew to be a united and functional nation.
The story of Ireland It is marked by centuries of struggle and resilience. For much of the twentieth century, Ireland was known as “The poor of the rich“This nickname was due to its unfavorable economic situation compared to other European countries. However, a series of Structural changes They returned the color to the European country.
Ireland’s story: why they called him “the poor of the rich”
Ireland was One of the poorest regions of Western Europe Throughout the nineteenth and early twentieth century. The Great famine From 1845-1852, caused by a plague that swept potato crops, left an indelible brand on the island. Millions of people starved and many others they emigrated, Mainly to the United States, Canada and Australia, in search of a better future. This tragedy not only affected the population and the economy, but also deeply influenced the Cultural identity of Ireland.
Throughout the 20th century, Ireland depended largely on the agriculture, That was your main source of income. However, the Lack of industrialization and the dependence of agricultural exports made the country very vulnerable to fluctuations in the international market. In addition, rural poverty and High unemployment They were persistent problems.
The situation improved slightly after Ireland independence in 1922but the country still faced significant economic challenges. Despite government efforts to boost industrial development and modernization, The progress was slow and the country was still lagging compared to its European neighbors.
During the 1950s and 1960s, Emigration continued to be an escape valve For many Irish who were looking for better opportunities abroad. This massive exodus of young people It further aggravated the country’s economic situation.
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Ireland’s story: how to become an economic power
From the decade of 1990, Ireland experienced unprecedented economic growth, which earned him the nickname “The Celtic tiger“. One of the key factors for this success was the implementation of liberal economic policies that attracted direct foreign investment. The Irish government significantly reduced corporate taxesturning the country into an attractive destination for multinationals. Many technology and pharmaceutical companies, such as Google, Facebook and Pfizer, established their European headquarters in Ireland, creating thousands of jobs and generating a sustained economic growth.
In addition, Ireland invested in education and the formation of its workforce. The country’s universities and research centers became leaders in innovation and technology, producing a Highly qualified labor that attracted even more foreign investment. Access to the European single market also played a crucial role in the economic boom in Ireland. As Member of the European Unionthe country benefited from the free movement of goods, services, capital and people, which facilitated trade and investment with other European countries.
Today, Ireland is one of the more prosperous economies from Europe, with a high standard of living and a strong presence on the international stage.
Source: Ambito
