Ireland's jobless exports surge since 2000
Irish exports have been seen as the beacon amidst the bleak wreckage of post-crash times. However, while total exports have risen 61% in real terms in the period 2000-2011, employment in internationally tradeable goods and services firms - - both foreign-owned and indigenous firms - - is lower than in 2000 despite a 25% growth of the workforce during the property bubble period. The evidence of a sharp disconnect between the dominant foreign-owned sector and the depressed domestic economy is very evident and what could be termed phantom services exports are one key factor.
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