'Irish unification is a success story'.
It seems that it is time to set the politics aside and have a conversation about the economic benefits of a unified Ireland.
Research shows that uniting the 32 counties could significantly increase economic growth for both sides of the border.
Launched today at Dublin’s Westbury Hotel, the study entitled ‘Modelling Irish Unification’, found that economic integration of the North and South would potentially boost the economy by over €30 billion.
The international study conducted by political science and economics researchers in Canada and Europe presented three unification scenarios, the most aggressive of which estimated a €35.6 billion boost in an all-island GDP (gross domestic product) during the first eight years of unification.
The study, which was commissioned by KRB, a San Francisco Bay area–based nonprofit social welfare organisation that promotes social welfare and conflict resolution through education, examined German and Korean unification models.
Factors included the North adopting the Euro and the southern tax scheme, as well as Dublin paying the £10 billion (€12.7) in fiscal transfers that the UK government provide annually.
In the executive summary, Professor Steven Raphael of the University of California at Berkeley writes:
"Political and economic unification of the North and South would likely result in a sizeable boost in economic output and incomes in the North and a smaller boost in the South."
Speaking at the event, Michael Burke, economic consultant and former Senior International Economist at Citibank in London, discussed the impact of a unified Ireland.
"We hear lots of reasons for or against Irish unification but very few of them focus on the economic debate", he said.
Adding: "In my view - and I think it is substantiated by this very voluminous research - Irish unification is a growth story, is a success story, is a prosperity story, and that's why I very much welcome the report."
"It's a win-win for both", the words of Professor of Political Science, Dr Kurt Hubner, who led the study.
When asked if economic unification was possible without political unification, Hubner simply replied, "no".
Hubner said he was happy to have created the conversation, but a broader discussion around the topic was needed.
"We see the study as one little element of the conversation, Irish unification is very much in the sphere of politics, and not so much in the economics."
"We need a broader conversation, it's only a starting point," he added.
Lead image via.
‘This person cannot take your call right now, please text instead’ The mobile telephone is one of the great inventions of humankind – the ease of communication with anybody, anywhere at anytime. Along with faster, larger and more efficient travel, the mobile phone has helped shrink the world to a point where you can live, […]
“I am not going, if that’s what you’re asking.” Niall Horan has revealed why he won’t be attending Harry Styles and Zoe Kravitz’s wedding. Last month, it was reported that former One Direction singer Harry Styles and Big Little Lies actress Zoe Kravitz are engaged after eight months of dating. People Magazine then confirmed the […]
Very sad news just in. Gogglebox star Ken Harwood has died. The 77-year-old passed away following a short illness. His death was confirmed by the Gogglebox bosses who said that he passed away last week. They’re set to pay tribute to him on tonight’s show. Ken and his wife Anne were popular Gogglebox cast members […]
