the Irish miracle

[Brad De Long]

>Not all of the Irish boom can be written off as a price-transfer scheme by
>Intel. Some parts are real: EU aid averages 5-6% of Irish GDP, money which
>gets invested in education, telecoms and infrastructure; apparently, EU
>funding and social democratic-style institutions also helped spur an
>indigenous software industry. The most you can say is that the
>Eurobourgeoisie, for whatever reason, are investing for the long haul in
>their semiperipheries, which suggests that the Visegrad economies are
>going to take off like a rocket.
>
>-- Dennis

Very good news, if it comes to pass...

Brad DeLong