Description:Â As Ireland copes with the aftermath of a large property bust, it faces a new wave of emigration but also innovation, as a group of architects band together to create a micro economy. WSJ’s Andy Jordan reports from Dublin.
Source:Â Marketwatch.com â€“ video report
Questions for discussion:
- Summarize the analysis presented?
- How much of Irelandâ€™s economic collapse was due to the real estate bubble alone?
- What affect did Irelandâ€™s real estate taxes have onÂ investors and the economy in general?
- What could government regulators have done to mitigate the problems that eventually caused the collapse?
- Why do you suppose they didnâ€™t respond earlier?
- What should they do now?
- How do you see the Irish economy emerging over the next ten years?
- How different will this scenario be in comparison to other countries such as Spain, Portugal, and Greece?
- How should investors think of Ireland?
- How should corporate finance managers think about investing in operations in Ireland?