A Economic Success in Ireland Will Be Useful for New Zealand

INTRODUCTION
Ireland has transformed its economy over the past couple of decades to turn a previously slumping economy, with high unemployment and high dependence on agricultural sectors into a booming economy, attractive to foreign investors. Unemployment rates have decreased dramatically and Ireland is now experiencing a reversal of the previous exodus of local residents overseas, with the thriving country now attracting highly skilled immigrants as well as ex-patriots returning to their now thriving homeland. This report will look at the background of both Ireland and New Zealand to make comparisons of similarities between the two before going on to highlight factors that have been influential in Ireland's success and the main lessons that New Zealand can learn from this. These include attracting foreign direct investment and an investment in education.
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