Major study finds that Irish reunification will boost GDP growth €35.6bn in eight years - Tóibín
A major study using economic modelling techniques previously used to analyse the economic consequences of German and future Korean unification has stated that the political and economic reunification of Ireland would lead to significant growth north and south and create up to €35.6bn of GDP growth in 8 years. That means that Irish reunification would add an extra €5,562 in extra economic output for every man, woman and child in Ireland.
Sinn Féin Jobs, Enterprise and Innovation spokesperson Peadar Tóibín TD has commented, saying:
“This is the case that Sinn Féin have made consistently. Partition has been a barrier to trade, to labour, to capital, to investment. Volatility in currency, tax, excise and regulation dampens enterprise and growth. Duplication of administration and the provision of infrastructure, health, education, welfare, housing, and agriculture cost each citizen dearly on the island. The border creates 2 false peripheries, reducing the size of the available market for SMEs.
“Economist Michael Burke appeared before the Oireachtas Committee on Jobs, Enterprise and Innovation in May of this year and stated ‘It is quite often portrayed that people advocating Irish reunification do so from some sort of romantic rather than sober-headed perspective. I would argue the contrary that the continued division of the island, particularly economically, is based on romantic ideals and is not attuned to the economic needs of the population of the whole island’.
“Sinn Féin has stated consistently that partition is a cost to the prosperity of each citizen. It is economically illiterate to claim that dividing the island of Ireland into smaller economic units could be good for growth. It’s astounding that no government have carried out economic research or a cost benefit analysis on Irish reunification.
“If there were any other potential policy choice that would return such prosperity to the people of Ireland, the economic research would have been done. Truth be told, these parties have put their own border dependent power before the national good. Government inaction is stealing a prosperous future from the people of Ireland.”