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Both Ireland and Northern Ireland’s economies would benefit financially if reunified

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Both Ireland and Northern Ireland’s economies would benefit financially if reunified

Both Ireland and Northern Ireland’s economies would benefit financially if reunified
March 22
12:52 2016
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Political and economic reunification of both the North and South of Ireland could potentially deliver a €35.6bn boost in GDP for the island in the first eight years – according to a new report launched today.

The report, Modeling Irish Unification, is published by KLC Consulting in Vancouver, British Columbia and was written by economist Dr Kurt Hubner.

The research conducted in the report found that unifying both economies could bring a sizable boost to the economy in the North with a more modest boost in the Republic.

Dr Kurt Hubner, professor at the University of British Columbia in Canada and author of the Modeling Irish Unification’ study, said that the fact the North would benefit more from such a union is not surprising.

“The Republic of Ireland would benefit quite a lot, but the benefits would be mainly accrued by Northern Ireland,” he said.
“And that’s not really a surprise, because if you compare the two entities, then Northern Ireland is obviously the less developed economy.

“It is more or less confirmed across the world that the less developed entities would benefit the most, in absolute terms, as well as in relative terms.”

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