Could this "miracle" happen in other countries? Select a country and describe what would have to happen?
In 1987 Irish GDP per person was 69 percent of the EU average (adjusted to EU 15); by
2003, it had reached 136 percent. Unemployment fell from 17 percent in 1987 to 4 percent in
2003, and government debt shrank from 112 percent of GDP to 33 percent. Annual GDP growth in the decade of the 1990s averaged 6.9 percent.
The reason of the miracle is it has attracted huge FDI. This has happened due to right government initiatives and policies. In looking at national ...
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