Economics Explained

Is Ireland's Economy a Scam?


Listen Later

Welcome to Ireland, a nation with two contrasting economic realities. On the surface, Ireland's economy appears as one of the world’s richest, only behind Luxembourg in the IMF rankings, surpassing global economic leaders like Switzerland and the USA. But delve deeper, and you discover a more complex narrative.


For much of its history, Ireland has grappled with severe poverty and economic instability. Yet, the past two decades have painted a picture of unprecedented wealth, presenting Ireland as the richest major economy on paper. This fairytale, however, is powered by what many would call creative accounting, rather than a genuine economic revolution.


In this video, we explore the dichotomy between Ireland's 'make-believe' economy—fueled by offshore trillions and favorable tax laws—and its 'real' economy, composed of hard-working individuals and traditional businesses. We delve into how these two facets interact, the benefits of being a business haven comparable to New York or Singapore, and the inherent risks of building prosperity on precarious financial strategies.


Join us as we unpack the intricate dance between Ireland’s enticing tax policies and its real economic substance, evaluating both the high stakes and the high gains of this fascinating economic setup. What does this mean for the future of Ireland’s economy?

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

Economics ExplainedBy Economics Explained

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

140 ratings


More shows like Economics Explained

View all
Economist Podcasts by The Economist

Economist Podcasts

4,201 Listeners

LSE: Public lectures and events by London School of Economics and Political Science

LSE: Public lectures and events

268 Listeners

Bloomberg Intelligence by Bloomberg

Bloomberg Intelligence

405 Listeners

Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,124 Listeners

Bloomberg Businessweek by Bloomberg

Bloomberg Businessweek

421 Listeners

FT Tech Tonic by Financial Times

FT Tech Tonic

95 Listeners

Behind the Money by Financial Times

Behind the Money

226 Listeners

The Intelligence from The Economist by The Economist

The Intelligence from The Economist

2,530 Listeners

The World in Brief from The Economist by The Economist

The World in Brief from The Economist

1,077 Listeners

Think Like An Economist by Betsey Stevenson & Justin Wolfers

Think Like An Economist

278 Listeners

Patrick Boyle On Finance by Patrick Boyle

Patrick Boyle On Finance

177 Listeners

Moody's Talks - Inside Economics by Moody's Analytics

Moody's Talks - Inside Economics

297 Listeners

The Big Take by Bloomberg

The Big Take

156 Listeners

Unhedged by Financial Times & Pushkin Industries

Unhedged

163 Listeners

The Economics Show by Financial Times

The Economics Show

137 Listeners