The Prosperity of Ireland

[Jason]

Ireland is rich now because of free trade, but Puerto Rico is not.  I suspect it's cause PR has not invested in education, but I might be wrong.  What is going on here?

[Heatman]

Well, I would say that it's the geography of Puerto Rico that's playing a part in how it's economic growth and development have been going for a while. As a result of its obvious small size as an island, it have always lacked of natural resources used to produce raw materials and they depend heavily on imports, this is what slows down its prosperity. 

[Jason]

On 1/25/2024 at 10:01 AM, Heatman said:

Well, I would say that it's the geography of Puerto Rico that's playing a part in how it's economic growth and development have been going for a while. As a result of its obvious small size as an island, it have always lacked of natural resources used to produce raw materials and they depend heavily on imports, this is what slows down its prosperity. 

You could say it's cause Ireland is close to Europe while PR is not, but PR is close to the United States, somewhat.

Myself, I think it's cause there has been more investment into education in Ireland.   That's just a guess.

Edited January 30 by Jason