| Around the World in 80 Days: "But let's return to happier news. No story is more inspiring than Ireland's. As recently as 1987 Ireland suffered 18% unemployment. The country's GDP per capita was then two-thirds of England's. Desperate, Ireland cut income tax rates by 15% and courted technology companies. The results would surprise only a New York Times reader. Since 1994 Ireland has grown 8% per year. Unemployment sits at a low 4.5%, half of France's. The real shocker: Ireland's GDP per capita now tops England's by 15% and is second only to Luxembourg's in Europe. "

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