NBT makes good contributions to this blog. Sensible stuff. He/she is correct that Ireland reduced ‘statism’ and that contributed to the economic resurgence but let’s not make sweeping statements.
This chart is taken directly from the 2006 Irish Development Agency annual report. I know it is tiny but I don’t know how to make it bigger. If you can read the note it shows the definition of “Cost per Job Sustained”. This includes “all IDA expenditures to all firms in the period of calculation“. From 1991 to 1997 the IDA made direct expenditures to firms (grants, training subsidies, free land, etc.) of 20,218 Euros (about $32,000 CDN) for every job created. By 2000 to 2006, that # had dropped to 12,485 Euros (about $20,000 per job CDN).
Now, just for comparison, Business New Brunswick provides about $7,500/job for the average call centre job. Of course, the taxes paid on the Microsoft jobs in Ireland are way higher than the average call centre in New Brunswick but I think you get my point.