User:Rooney2pdx/sandbox

Article Evaluation Three

 The page on the economy of dublin is lacking a lot of substantive information and statistics on recent economic growth there.  I will add more information.

Article Edit-Adding after this at Intro

Economy of Dublin From Wikipedia, the free encyclopedia

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages) This article needs additional citations for verification. (August 2010) This article needs to be updated. (February 2009)

The south facade of the Custom House by night Dublin is the largest city and capital of Ireland, and is the country's economic hub. As well as being the location of the national parliament and most of the civil service, Dublin is also the focal point of media in the country. Ireland's transportation network radiates from the city and Dublin Port is responsible for a large proportion of Ireland's import and export trade.

Dublin is home to a number of multinational corporations, including in technology sectors such as information technology, digital media, financial services and the pharmaceutical industry. Dublin is also the location of the headquarters of several large Irish public companies including Bank of Ireland, CRH plc, Ryanair, Smurfit Kappa Group and Paddy Power. Many of Ireland's public sector employers are based in Dublin including utility companies such as ESB Group, educational institutions such as Dublin Institute of Technology, Trinity College, Dublin and University College Dublin, most of Ireland's higher courts, RTÉ (Irelands national public service broadcaster), and several teaching hospitals. Other employers service the tourism and retail markets.

add this below

The Economy of Dublin is increasing in regional and global importance. Dublin has frequently been ranked as the highest or among the highest countries on a variety of globalisation indices. However this should not be interpreted as an only-positive thing as Ireland has suffered deep economic recession beginning in 2007 and leading to a rise in nationalism, internal corruption, and government serving special interests primarily by 2011. Ireland has taken an IMF-loan from the EU as of 2010. Nevertheless, Given the primacy of Dublin within the Irish urban network, this suggests there might be a larger global future in Dublin. The result of governmental policies, including lower business taxes, combined with the growth of the interactive media industry between 1990 and 2000, is a now much stronger economy as Ireland emerges as a global leader in technology and other industries. Historically Ireland has been plagued by famines, political, economic, and religious tensions, as well as protectionist economies which have only since the 1990's with the formation of the European Union and the opening of Ireland to Foreign Direct Investment, contributed to Dublin's becoming a global city in unprecedented ways.Ireland developed an economic policy based on exports and attracting foreign headquarters and have significantly increased the size of the national economy over the last few decades. The rapid growth of information, technology, and communication jobs in Dublin in recent decades has caused rapid globalization in Dublin. It is now a service economy for primarily other European businesses, largely in the form of call centres. Like many other locations, those in the inner city of Dublin who have less money are frequently turning to drugs like heroin increasingly over the last decades. This is due to a number of factors including migration, immigration and changing economic structures.

Like elsewhere in Western Europe, Ireland is dealing with an ever-aging population and fewer and fewer couples have kids. Nevertheless, census data shows that Ireland now has over 4 million people, and the population is increasing; this is a number it had not had since before the Irish Potato Famine. Interestingly, the growth in Dublin has also lead to growth in the transportation network of which it is the heart and the fastest growing town in the country is Sligo in Northwest Ireland, not Dublin. The government has recently adopted Action Plans on Jobs in Ireland, seeking to implement job growth and unemployment goals and discovering where they are succeeding and where they are not. The rapid change from the largely nationalist economy of Dublin to the more liberal, free trading, computer, and commerce economy present in Dublin today has created some problems as well. For one, many economists don't think that Ireland having such strong economic growth is sustainable. On the one hand, Dubliners have reduced carbon emissions significantly over the last 20 years and are beginning to join the race to create biofuels using algae and bacteria. On the other, While the economic development of Ireland and Dublin have been aimed at sustainability, economists worry that the 12.5% tax rate on corporations in Ireland and the ties to the EU which once lead to many corporations, often multi-national, taking tax inversion on a lower rate is losing power as a motivator for business to move to Ireland due to the U.S. Tax Cuts and Jobs Act of 2017 leveling the taxation field between countries and encouraging tax inversions back to the U.S; a process which causes all assets and intellectual property to be added to the U.S. GDP from Ireland's. For the first time in the last few years, Ireland's economic growth was not 15-25%, it fell by roughly 2/3. Current reporting from as of February 2018 says that the city and country's market is still growing with unemployment decreasing, however housing remains a problem. The current 5.8% growth is still the highest in Europe. Ireland has held this title for four years and, partially due to the effects of Brexit, Dublin is expected to remain a European Headquarters for at least some years, though with perhaps fewer U.S. Corporations headquarters. Dublin's transit system is accommodating more people every year than ever before. The city, now home to 1,200 startups and with many remaining U.S. headquarters, has continued to have an influx of population at high rates since 2000. They have added nearly 900,000 people since that point. Becoming a hub of specialization could have long-term impacts on trade in Dublin as the laws of economics that dictate an international division of labor may be threatened by traditional trade-based economy and helped by other economic sectors.Dublin's global economic fate remains to be seen.