Will someone please explain why our trade balance with Ireland is so out of balance? We seem to be importing over 7X than what we are exporting there. I’ve occasionally bought Irish butter, but that is a whole lot of butter.
Ireland went from virtually a 3rd World country in the 1960’s to being as rich as Swtizerland today largely as a result of making investments to educate its English-speaking population. US tax avoidance also played a big part with many US Tech and Pharmaceutical companies moving operations there to take advantage of the educated, English-speaking labor.
Today, Ireland is too expensive for most natives to live there, kind of like Silicon Valley/San Francisco.