Display:
For starters, unlike most countries its GDP is much higher than its GNP, because so much of its production is foreign-owned and repatriated abroad.  Irish politicians brag about GDP when running for re-election but use the lower GNP when asking for EU subsidies.

Second, Ireland has also outperformed the USA and the UK, two other countries favored by neoliberals.  So there is something else, specific to it, that is at play here.  The UK and US have not outperformed Scandinavia, and in the Bush era the US has underperformed Canada, the UK, and Scandinavia.

by tyronen on Thu Dec 1st, 2005 at 05:31:59 PM EST
[ Parent ]
Is China in the same situation regarding the GDP and GNP?

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Thu Dec 1st, 2005 at 05:57:23 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Recommended Diaries
Clipping the wings of a judge
by Migeru - Feb 10
58 comments

Sarkozy: Enemies Ahoy!
by afew - Feb 10
36 comments

Hunger March wins PR battle
by DoDo - Feb 9
3 comments

LQD: Unsustainable irrigation
by Melanchthon - Feb 9
1 comment

Romania: protests change government
by DoDo - Feb 8
6 comments

Murdoch - Outsourcing and Hubris
by ceebs - Feb 3
18 comments

Obama wins GOP Primaries (to date)
by Frank Schnittger - Feb 8
10 comments

Bristol Pound
by ChrisCook - Feb 7
14 comments

Recent Diaries
Sarkozy: Enemies Ahoy!
by afew - Feb 10
36 comments

Clipping the wings of a judge
by Migeru - Feb 10
58 comments

LQD: Unsustainable irrigation
by Melanchthon - Feb 9
1 comment

Hunger March wins PR battle
by DoDo - Feb 9
3 comments

Obama wins GOP Primaries (to date)
by Frank Schnittger - Feb 8
10 comments

Romania: protests change government
by DoDo - Feb 8
6 comments

Answers to the Renewable Energy Consultation
by Luis de Sousa - Feb 7

Bristol Pound
by ChrisCook - Feb 7
14 comments

The Imitation Of Germany
by afew - Feb 4
31 comments

Strange Fruit
by Frank Schnittger - Feb 4
14 comments

Murdoch - Outsourcing and Hubris
by ceebs - Feb 3
18 comments

Mismatch with the Natural Gas Market
by Luis de Sousa - Feb 3
22 comments

The Future of Economics
by ARGeezer - Feb 2
191 comments

Desert Island Discs - Helen's distortions
by Helen - Jan 31
48 comments

Gorila
by DoDo - Jan 29
14 comments

Rail News Blogging #7
by DoDo - Jan 29
15 comments

Obama's State Of The Union: LQD
by Crazy Horse - Jan 25
74 comments

Democracy Technology
by gmoke - Jan 24
1 comment

The Hydrogen dream
by Luis de Sousa - Jan 24
49 comments

ET Paris Meet-Up 2012 (2 UPDATE)
by afew - Jan 23
113 comments

More Diaries...
Occasional Series