Monday, September 04, 2006
The whole table is worth reading (the first 5 are micro states with oil or financial institutions. The point I am making is that Ireland, a country that 17 years ago had a per capita income 2/3s of ours was in 2005 onlt 2% behind the USA, which means it is probably marginally ahead this year. Granted such figures should not be treated as exact - the fact that Ireland's taxes are so low encourages multinational's accountants to add as much of their value as possible there, on the other hand the fact that the dollar is the world's currency certainly gives the US an edge. However the trend is indisputable.
6 United States $ 41,800 2005 est.
7 Ireland $ 41,000 2005 est.
15 Hong Kong $ 32,900 2005 est.
25 United Kingdom $ 30,300 2005 est.
So do we have something to learn from them? Obviously not if you notice the amount of coverage Ireland doesn't get in our media.