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Essay text:
With major investment
and subsidies in infrastructure, development, and education, Ireland and its economy
are performing very well, producing 5.1% real economic growth in 2004, compared
to only 1.7% in Germany.
Of course, the question arises as to how Ireland is able to do that. Somehow the Irish
island seems to be more attractive to economic investment and growth than continental
Europe, or in other words, seems to be more competitive.
This paper introduces the most common instruments to measure a country's competitive
position, discusses their shortcomings, and introduces an extended approach...
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