Ruchir Sharma, the chief global strategist at Morgan Stanley Investment Management and the author of “The Ten Rules of Successful Nations,” wrote in The New York Times this December, "After World War II, only two major emerging economies managed to grow faster than 5% for five decades in a row and to rise from poverty into the ranks of developed economies. One was Taiwan, the other South Korea. They kept advancing up the industrial ladder by investing more heavily in research and development than did any of their rivals among emerging economies. Now they are among the research leaders of the developed economic world as well."

Michael Hennigan: The Finfacts economics site was launched in 1997. Average monthly page views of this blog are at 85,000.
2019 —
"Hat tip: Perhaps the most researched commentator on the Irish economy is a guy based in Kuala Lumpur. I've never come across any other Irish economist with a greater command of relevant Irish economic data, gov policies & economic history" — Paddy Cosgrave, Founder and CEO Web Summit.
Friday, December 18, 2020
Tuesday, December 01, 2020
Ireland is most profitable foreign country for US multinationals
Ireland with a population of 5m was the most profitable foreign country for US multinationals in 2018 as measured by net income of majority-owned affiliates (MOFAs), followed by the Netherlands and Luxembourg.
The US Bureau of Economic Analysis' (BEA) final net income data for 2018 issued this year, show top rankings for countries that engage in tax haven activities and pure tax-havens. The top 7 — which are called The Big Seven Corporate Tax Havens— are Ireland $217bn; The Netherlands $211bn; Luxembourg $147bn; Singapore $96bn; Bermuda $85bn; Switzerland $83bn and The Cayman Islands about $65bn ( it's in a BEA category 'United Kingdom Islands, Caribbean' comprising the British Virgin Islands, the Cayman Islands, Montserrat, and the Turks and Caicos Islands).