Every year more than 50-60 million people from emerging market countries, essentially in China and India, are entering the market economy, both as consumers and as producers of tradeable goods and services. The previous great leaps were the absorption into the market economy of only 70 million people from Korea, Taiwan, H.K.
Irish economic growth The Irish economy’s performance over the past decade or so has been very satisfactory. The annual average growth in Gross National Product, the best measure of our living standards, has been about 6½ per cent a year. This excellent performance has brought our living standards up to those of other developed countries.