US Big Tech Companies’s Complicated Role in Ireland’s Booming Economy
Ireland, despite its small land size and population, is among the wealthiest countries in the world. The island nation boasted a GDP per capita of $104,270 in 2023, according to the IMF, next only to Luxembourg and higher than the U.S., Switzerland, Singapore and Norway. It is also one of the fastest-growing economies in the world, with its GDP growing 15.1 percent and 9.1 percent in 2023 and 2022, respectively.
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Ireland’s journey from the devastation of the Great Famine, which claimed at least a million lives between 1845 and 1852, to its struggle as one of the poorest nations in Europe after part of the island gained independence from the United Kingdom in 1922 was marked by significant challenges, including mass emigration to the U.S. and neighboring countries. Before the 1840s, the Emerald Isle was home to approximately 8.2 million people, a population level yet to recover fully.
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