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The "Celtic Tiger", as Ireland is known in financial circles, boasts a vibrant, globalized economy with the second highest Gross Domestic Product per capita in the European Union, topped only by Luxembourg. As Johnny Munkhammar of the libertarian Swedish think tank Timbro documents in European Dawn: After the Social Model, government spending as a percentage of gross domestic product fell in most developed countries between 1993 and 2003. Chapman's index takes stock of gross domestic product values, exports, state construction spending and the Standard & Poor's 500. |
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