The risks of Brexit for Ireland have been evident from the outset. The United Kingdom's departure from the European Union has meant the risk of geographical and political isolation from the rest of the EU for Dublin. But above all, it has meant the possibility of reigniting political violence along its border with Northern Ireland.
However, these threats have turned into opportunities. Despite the interdependence of the British Isles' markets, the Irish economy has progressed despite these fears. In fact, many multinational corporations have moved their headquarters from London to Dublin. The Irish formula—low taxes for large companies, investment in technology and services—has created the conditions for Ireland to become the true winner of Brexit, becoming the gateway from the United States to Europe.
The "Americanization" of the Irish economy has not come without a cost: the contribution of large transnational corporations to GDP represents 50% of the total, but accounts for only 10% of jobs. This means that much of the wealth generated by multinational corporations is not being reinvested in the Irish population, who, despite the country's apparent wealth, have seen their incomes stagnate.
#Ireland #Brexit #uk
00:00 Intro
01:03 From Colony to "Celtic Tiger"
04:28 Brexit: Challenges and Opportunities
07:01 A Tax Haven with No Return for the Population?
The risks of Brexit for Ireland have been evident from the outset. The United Kingdom's departure from the European Union has meant the risk of geographical and political isolation from the rest of the EU for Dublin. But above all, it has meant the possibility of reigniting political violence along its border with Northern Ireland.
However, these threats have turned into opportunities. Despite the interdependence of the British Isles' markets, the Irish economy has progressed despite these fears. In fact, many multinational corporations have moved their headquarters from London to Dublin. The Irish formula—low taxes for large companies, investment in technology and services—has created the conditions for Ireland to become the true winner of Brexit, becoming the gateway from the United States to Europe.
The "Americanization" of the Irish economy has not come without a cost: the contribution of large transnational corporations to GDP represents 50% of the total, but accounts for only 10% of jobs. This means that much of the wealth generated by multinational corporations is not being reinvested in the Irish population, who, despite the country's apparent wealth, have seen their incomes stagnate.
#Ireland #Brexit #uk
00:00 Intro
01:03 From Colony to "Celtic Tiger"
04:28 Brexit: Challenges and Opportunities
07:01 A Tax Haven with No Return for the Population?