Why Ireland and Israel Feel Poorer Than Their GDP Says
Ireland sits second in the world by nominal GDP per capita, yet its household disposable income ranks 19th in the OECD. Israel's output sits below the OECD average while its price level ranks among the five highest. Two countries, both transformed from agricultural economies into high-tech ones, both leaving their citizens feeling poorer than the statistics claim. This episode digs into the actual mechanisms — Apple's 2015 onshoring of roughly $300 billion in intellectual property, Ireland's invention of GNI* to strip out the phantom profits, Israel's dual economy of high-tech exports and…
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