Ireland's Free College Education makes it the Richest Country in Europe
This article in the New York Times describes Ireland's approach to becoming the wealthiest European country other than Luxembourg:
I wish this Administration were wise enough to realize the benefits of the occasional free public service. Using Global Economy, Ireland managed to get jobs by luring American companies like Dell & Intel by having a large supply of educated workers (who without local college probably would have emigrated elsewhere).
Will America will remain the richest country in the next 50 years? I doubt it. Not unless we change a bit.
Ireland's advice is very simple: Make high school and college education free; make your corporate taxes low, simple and transparent; actively seek out global companies; open your economy to competition; speak English; keep your fiscal house in order; and build a consensus around the whole package with labor and management - then hang in there, because there will be bumps in the road - and you, too, can become one of the richest countries in Europe.
I wish this Administration were wise enough to realize the benefits of the occasional free public service. Using Global Economy, Ireland managed to get jobs by luring American companies like Dell & Intel by having a large supply of educated workers (who without local college probably would have emigrated elsewhere).
Will America will remain the richest country in the next 50 years? I doubt it. Not unless we change a bit.
1 Comments:
While I agree that free college education can be a good thing, Dell and Intel entered Ireland in 1990 and 1993 respectively. College wasn't made free in Ireland until the end of 1995. Ireland's woreforce was highly uneducated by comparison when the Celtic Tiger boom started. The companies came for the 12.5% corporate tax rate and English speakers.
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