This document compares the competitiveness of Ireland and Denmark. It examines factors like EMU membership, social partnership agreements, minimum wage, innovation/R&D, education, and infrastructure/communications. While Ireland benefited initially from the Euro, wage increases outpaced productivity and it required an IMF bailout. Denmark opted not to join the Euro and maintained competitiveness through interest rate adjustments and a collectively bargained wage system. The document concludes Ireland should reform fiscal policy, adopt conservative wage setting, coordinate R&D better, and control infrastructure costs to improve competitiveness.
An International Climate Investment Community - Madrid March 16th 2011Global Utmaning
The document discusses the most pressing problems and long term challenges of climate change and energy. It argues that climate change negotiations have been presented as a burden, but should instead focus on the opportunities for investment, technology, and economic growth in clean energy. Specifically, it calls for replacing subsidies for fossil fuels with incentives for clean technologies through a technology-neutral carbon price. It also advocates a parallel bottom-up approach of building a community of countries willing to take action, in addition to top-down UN negotiations that have yet to reach agreement.
Within a mixed economy, both public and private ownership of industry exists. The public sector provides essential services like health, education, and transportation through central and local governments, funded by taxes, with objectives other than profit like job creation and affordable prices. Some industries have been privatized in countries like the UK and China by selling state-owned assets to private owners. Privatization can increase competition and efficiency but may also result in job losses or essential unprofitable services no longer being provided. The benefits and drawbacks of both public and private ownership are debated.
Ireland's cleantech advantage ronan furlong top capital magazine chinaDCU Innovation Campus
Ireland is well positioned to become a global hub for green enterprise due to its natural resources, talent pool, and government commitment to green economy. Dublin aims to leverage its large ICT sector and research institutions to become a center of excellence in cleantech and a major deployment platform for multinational cleantech companies. The Green Way initiative establishes Dublin as a collaborative cleantech cluster by supporting cleantech companies and attracting green jobs and investment through access to R&D, potential customers in local authorities, and opportunities to test and commercialize technologies.
The document discusses how technology can help European regions achieve their objectives. It identifies two main challenges: uncertainties about the future impact of technology, and the risks of a digital divide between regions and between citizens based on education levels. It outlines the European Commission's vision of using technology to strengthen the single market and digital competitiveness, such as by increasing e-commerce and reducing barriers. The Commission provides funding instruments for regions to invest in technology through initiatives like broadband infrastructure, digitization, cloud services, and skills development. The biggest upcoming challenge is ensuring all regions and citizens can benefit from technological advances.
Presentation at the conference “Are We in this Together? Innovation Capture and the Role of Public-Private-Partnerships in Providing Health Care Services“
Helsinki, 8 April 2015
Public procurement cleantech energy & construction 2011simon_bradshaw
This document discusses Enterprise Ireland's Public Procurement Unit and how it supports innovation through public sector procurement. The Public Procurement Unit acts as a conduit between public sector organizations and Irish SMEs/companies to connect them to procurement opportunities and raise awareness of innovative solutions. It provides examples of Irish companies and their cleantech, energy, and construction solutions that are relevant for public sector projects. The document also outlines opportunities for SME engagement in public procurement through various initiatives and how Enterprise Ireland can help contracting authorities access innovative solutions.
This document summarizes a meeting of commercial partners in Birmingham on September 26th 2013. The agenda included welcome remarks from Neil Rami of Marketing Birmingham and Paul Chapman of HS2 Ltd. It also discussed attracting inward investment and creating over 3,000 jobs, Birmingham's role as a UK gateway, and proposals for a Tourism Business Improvement District. HS2 was presented as a catalyst for increasing UK rail capacity and connectivity to address overcrowding, and an opportunity to create hundreds of thousands of jobs and economic growth across the UK, including benefits for the West Midlands region through increased investment and local transport improvements unlocked by HS2.
An International Climate Investment Community - Madrid March 16th 2011Global Utmaning
The document discusses the most pressing problems and long term challenges of climate change and energy. It argues that climate change negotiations have been presented as a burden, but should instead focus on the opportunities for investment, technology, and economic growth in clean energy. Specifically, it calls for replacing subsidies for fossil fuels with incentives for clean technologies through a technology-neutral carbon price. It also advocates a parallel bottom-up approach of building a community of countries willing to take action, in addition to top-down UN negotiations that have yet to reach agreement.
Within a mixed economy, both public and private ownership of industry exists. The public sector provides essential services like health, education, and transportation through central and local governments, funded by taxes, with objectives other than profit like job creation and affordable prices. Some industries have been privatized in countries like the UK and China by selling state-owned assets to private owners. Privatization can increase competition and efficiency but may also result in job losses or essential unprofitable services no longer being provided. The benefits and drawbacks of both public and private ownership are debated.
Ireland's cleantech advantage ronan furlong top capital magazine chinaDCU Innovation Campus
Ireland is well positioned to become a global hub for green enterprise due to its natural resources, talent pool, and government commitment to green economy. Dublin aims to leverage its large ICT sector and research institutions to become a center of excellence in cleantech and a major deployment platform for multinational cleantech companies. The Green Way initiative establishes Dublin as a collaborative cleantech cluster by supporting cleantech companies and attracting green jobs and investment through access to R&D, potential customers in local authorities, and opportunities to test and commercialize technologies.
The document discusses how technology can help European regions achieve their objectives. It identifies two main challenges: uncertainties about the future impact of technology, and the risks of a digital divide between regions and between citizens based on education levels. It outlines the European Commission's vision of using technology to strengthen the single market and digital competitiveness, such as by increasing e-commerce and reducing barriers. The Commission provides funding instruments for regions to invest in technology through initiatives like broadband infrastructure, digitization, cloud services, and skills development. The biggest upcoming challenge is ensuring all regions and citizens can benefit from technological advances.
Presentation at the conference “Are We in this Together? Innovation Capture and the Role of Public-Private-Partnerships in Providing Health Care Services“
Helsinki, 8 April 2015
Public procurement cleantech energy & construction 2011simon_bradshaw
This document discusses Enterprise Ireland's Public Procurement Unit and how it supports innovation through public sector procurement. The Public Procurement Unit acts as a conduit between public sector organizations and Irish SMEs/companies to connect them to procurement opportunities and raise awareness of innovative solutions. It provides examples of Irish companies and their cleantech, energy, and construction solutions that are relevant for public sector projects. The document also outlines opportunities for SME engagement in public procurement through various initiatives and how Enterprise Ireland can help contracting authorities access innovative solutions.
This document summarizes a meeting of commercial partners in Birmingham on September 26th 2013. The agenda included welcome remarks from Neil Rami of Marketing Birmingham and Paul Chapman of HS2 Ltd. It also discussed attracting inward investment and creating over 3,000 jobs, Birmingham's role as a UK gateway, and proposals for a Tourism Business Improvement District. HS2 was presented as a catalyst for increasing UK rail capacity and connectivity to address overcrowding, and an opportunity to create hundreds of thousands of jobs and economic growth across the UK, including benefits for the West Midlands region through increased investment and local transport improvements unlocked by HS2.
Ireland needs to take several steps to regain competitiveness. It must reduce costs such as labor costs that rose above competitive levels during the economic boom. It also needs to improve infrastructure like broadband internet speeds that are below the EU average. Additionally, developing renewable energy sources and improving public transportation in cities could enhance Ireland's competitiveness. Overall, lowering costs while upgrading infrastructure and pursuing innovation are keys to regaining an edge in attracting foreign investment and trade.
The document summarizes Ireland's transformation from an agricultural economy to a global leader in foreign direct investment and technology. It discusses how Ireland achieved this through strategic development agencies, focusing on attracting multinational companies in key sectors like ICT and pharmaceuticals. It highlights Ireland's success in these industries and outlines the government's strategy to transition Ireland into a knowledge-based, innovation-driven economy focused on research and development.
CASE STUDY ANALYSIS OF IRELAND POLITICAL ECONOMY.docxwrite4
Ireland's political economy was analyzed. After economic struggles in the 1940s, Ireland pursued policies to attract foreign investment like tax incentives and trade liberalization. This helped grow foreign direct investment and exports, boosting the economy. A PESTEL analysis found Ireland had political stability, pursued growth-friendly economic policies, a growing skilled workforce, advances in technology, environmental protections, and legal protections for businesses, consumers and workers. These factors made Ireland attractive for foreign companies across sectors like technology and pharmaceuticals.
CASE STUDY ANALYSIS OF IRELAND POLITICAL ECONOMY.docxstudywriters
Ireland's political economy was analyzed. After economic struggles in the 1940s, Ireland pursued policies to attract foreign investment like tax incentives and trade liberalization. This helped grow foreign direct investment and exports, boosting the economy. A PESTEL analysis found Ireland had political stability, pursued growth policies, a skilled workforce, developed technology sector, protected environment, and legal protections; these made it attractive to foreign businesses.
- Ireland's economy is predicted to return to growth in 2011, with GDP expected to increase by 2.25%. Exports continue to perform robustly and consumption and investment levels are stabilizing.
- Ireland has seen significant transformation since 1995, with GDP per capita increasing 100% and exports growing from €35b to €156b. However, debt as a percentage of GDP also increased from 88% to 97% over this period.
- The government is introducing a four-year deficit reduction plan and Ireland's debt ratio is expected to remain manageable and in line with the EU average. Competitiveness is improving as property costs, salaries, and the cost of living decline compared to a decade ago.
The document discusses the knowledge economy in Cornwall and the Isles of Scilly. It defines the knowledge economy and analyzes Cornwall's position within it. Cornwall lags behind the UK average in private sector knowledge industries and high-skill jobs, but has opportunities in areas like low-carbon technologies, creative industries, and capitalizing on anchor institutions like universities. The region faces challenges developing its knowledge economy due to its rural nature but can build on existing strengths and initiatives.
The document discusses key elements needed for Ireland to regain competitiveness, including reducing costs of doing business, maintaining macroeconomic stability and public investment, developing skills and the enterprise base, and improving access to finance. It analyzes specific areas within each element that need to be addressed, such as labor costs, energy costs, property costs, broadening the tax base, increasing public investment, developing skills training programs, supporting entrepreneurship, and improving access to bank and non-bank financing. Regaining competitiveness is vital for Ireland's economic growth and job creation.
Ireland needs to improve its competitiveness in key areas to continue prospering after the recession. The key elements that must be addressed are: reducing the cost of doing business through lower taxes and costs, maintaining macroeconomic stability and increasing public investment, developing skills and enterprise, and improving access to finance. Specifically, Ireland must make labor costs more competitive by reviewing taxes and social welfare, lower high energy costs, increase the supply of affordable housing and commercial properties, broaden its tax base, maintain a low corporate tax rate, and increase targeted public infrastructure investment.
The Ireland that works campaign maps out the key priorities for business in the next phase of the recovery and will form a central part of Ibec's activities to influence and shape the national debate.
With the Troika gone, Ireland has important decisions to make on how to build on the economic progress already made, tackle unemployment and drive growth across the economy. We need to get these right.
At Ibec we plan to lead the debate. We have identified five pressing issues on the national agenda that will have a major impact on Ireland’s success into the future:
1. We need to reduce the tax burden: Ireland is out of line internationally and our income tax rates, in particular, are too high. Irish consumers deserve a break.
2. We need better government: Poorly designed policy, legislation and regulation add to the cost of doing business and are an obstacle to growth and job creation.
3. We need to invest in the future: To meet our future economic needs, we need to spend much more on infrastructure projects and skills and education.
4. We need to extend Ireland’s global reach: International debates on tax and EU reform could have major implications for Ireland. We need to influence and shape the agenda.
5. We need to promote entrepreneurship: Business need to have access to effective enterprise supports, credit and export markets. Risk needs to be rewarded.
We hope the campaign priorities are relevant, challenging and resonant with your own ambitions for your business and for Ireland. Ibec will be rolling out more elements of the campaign over the coming weeks and months, and we'll keep you updated on our blog.
Download, share or embed this campaign brochure.
You can also join the conversation on twitter, #irelandworks @ibec_irl or on the Ibec Linkedin group.
Ireland Q3 update. Solid GDP growth, strong FDI flows, rising employment & strong export growth. Some of the reasons Ireland is a great place to do business. www.idaireland.com for further information.
HELM Corporation is an international tradeable services company established in 1990 that provides professional support for government initiatives. It initially worked in public finance areas and has since diversified into areas like public expenditure management, program/project management, ICT, and procurement. HELM has offices in Northern Ireland, the Republic of Ireland, and England. It has worked on projects in over 40 countries for organizations like the World Bank, UN, DFID, and European Commission. HELM's international work now accounts for 60% of its turnover and includes projects in countries like Bangladesh, Kosovo, Serbia, and Ethiopia. Working internationally has increased HELM's turnover and broadened its expertise and network of contacts.
Extracts from Why Ireland to Host your Digital Assets, Primary Research by 45...Host in Ireland
In association with GconnTec, 451 Research a global analyst and research company, have spent the past 3 months in Ireland. They fused their proprietary datasets with the knowledge from 58 local subject-matter analysts and scorecarded Ireland on the 9 critical factors companies use when selecting a geographic location for hosting digital assets.
Matheson is an Irish law firm with offices in Dublin, London, New York and Palo Alto. It has received several awards and commendations for its work, including Irish Transfer Pricing Firm of the Year in 2015. The document provides an overview and introduction to investing in Ireland, including why companies invest in Ireland, an overview of Ireland, available grants and fiscal incentives, how to establish a business in Ireland, relevant taxation, employment and other legal matters.
Matheson is an Irish law firm with offices in Dublin, London, New York and Palo Alto. It has received several awards and commendations for its work, including Irish Transfer Pricing Firm of the Year in 2015. The document provides an overview and introduction to investing in Ireland, including the country's competitive corporate tax rate, skilled labor force, membership in the EU, and incentives for research and development activities. It discusses Ireland's major industries and cities, economic growth, infrastructure, and the grants and fiscal incentives available to international companies through the Industrial Development Authority.
This document provides an overview and summary of Matheson, an Irish law firm, including:
- Matheson's offices and awards/rankings showing it is a top European law firm.
- A table of contents for a guide on investing in Ireland covering taxation, employment law, intellectual property, life sciences, and how Matheson can help clients.
- An introduction to the guide noting over 1,150 international companies have operations in Ireland across various sectors.
This document provides an overview and summary of establishing a business in Ireland. It discusses the types of companies available under Irish law, the incorporation process, and corporate governance requirements. Some key points:
- Private limited companies by shares are the most common structure for foreign investment. The new Companies Act 2014 introduces two types - a new "LTD" model and a designated activity company ("DAC").
- Incorporation takes 2-3 weeks on average but can be done in 5 days through an express scheme. Company names must not be identical to existing names and certain names require regulatory approval.
- Companies must have a minimum of one secretary and two directors, at least one of which must reside in the EEA
Enterprise Ireland supports Irish companies through financial and non-financial means such as planning, skills development, market access, and financing. Some key targets are growing Ireland's cleantech sector and improving sustainable development across client companies. Enterprise Ireland has a portfolio of almost 200 cleantech companies employing nearly 6,000 people and generating over €1.4 billion in sales, focusing on areas like energy efficiency, water treatment, and renewable energy.
This document summarizes a report analyzing why Ireland is a favored location for hosting digital assets in Europe. In 3 sentences: Ireland scores highly on factors like connectivity, a skilled workforce, tax benefits, renewable energy, and government support that make it an attractive location for technology companies. Many major tech companies have established operations in Ireland, taking advantage of its business-friendly environment and proximity to both European and American markets. The report analyzes Ireland's strengths in various categories and provides examples of large companies that have found success with their Irish locations.
The document summarizes the state of the Irish economy and the challenges it faces. It notes that Ireland is experiencing a deep recession with deteriorating public finances, a weakening labor market, and uncertainty in the banking system. Unemployment is rising significantly across many sectors. The outlook for 2009 predicts unemployment will continue rising and public finances and consumer spending will worsen further. Recovery in 2010 depends on international factors and stabilization of the housing market. Limerick faces particular vulnerabilities from its reliance on industries hit hardest by the downturn like construction and manufacturing.
Ireland needs to take several steps to regain competitiveness. It must reduce costs such as labor costs that rose above competitive levels during the economic boom. It also needs to improve infrastructure like broadband internet speeds that are below the EU average. Additionally, developing renewable energy sources and improving public transportation in cities could enhance Ireland's competitiveness. Overall, lowering costs while upgrading infrastructure and pursuing innovation are keys to regaining an edge in attracting foreign investment and trade.
The document summarizes Ireland's transformation from an agricultural economy to a global leader in foreign direct investment and technology. It discusses how Ireland achieved this through strategic development agencies, focusing on attracting multinational companies in key sectors like ICT and pharmaceuticals. It highlights Ireland's success in these industries and outlines the government's strategy to transition Ireland into a knowledge-based, innovation-driven economy focused on research and development.
CASE STUDY ANALYSIS OF IRELAND POLITICAL ECONOMY.docxwrite4
Ireland's political economy was analyzed. After economic struggles in the 1940s, Ireland pursued policies to attract foreign investment like tax incentives and trade liberalization. This helped grow foreign direct investment and exports, boosting the economy. A PESTEL analysis found Ireland had political stability, pursued growth-friendly economic policies, a growing skilled workforce, advances in technology, environmental protections, and legal protections for businesses, consumers and workers. These factors made Ireland attractive for foreign companies across sectors like technology and pharmaceuticals.
CASE STUDY ANALYSIS OF IRELAND POLITICAL ECONOMY.docxstudywriters
Ireland's political economy was analyzed. After economic struggles in the 1940s, Ireland pursued policies to attract foreign investment like tax incentives and trade liberalization. This helped grow foreign direct investment and exports, boosting the economy. A PESTEL analysis found Ireland had political stability, pursued growth policies, a skilled workforce, developed technology sector, protected environment, and legal protections; these made it attractive to foreign businesses.
- Ireland's economy is predicted to return to growth in 2011, with GDP expected to increase by 2.25%. Exports continue to perform robustly and consumption and investment levels are stabilizing.
- Ireland has seen significant transformation since 1995, with GDP per capita increasing 100% and exports growing from €35b to €156b. However, debt as a percentage of GDP also increased from 88% to 97% over this period.
- The government is introducing a four-year deficit reduction plan and Ireland's debt ratio is expected to remain manageable and in line with the EU average. Competitiveness is improving as property costs, salaries, and the cost of living decline compared to a decade ago.
The document discusses the knowledge economy in Cornwall and the Isles of Scilly. It defines the knowledge economy and analyzes Cornwall's position within it. Cornwall lags behind the UK average in private sector knowledge industries and high-skill jobs, but has opportunities in areas like low-carbon technologies, creative industries, and capitalizing on anchor institutions like universities. The region faces challenges developing its knowledge economy due to its rural nature but can build on existing strengths and initiatives.
The document discusses key elements needed for Ireland to regain competitiveness, including reducing costs of doing business, maintaining macroeconomic stability and public investment, developing skills and the enterprise base, and improving access to finance. It analyzes specific areas within each element that need to be addressed, such as labor costs, energy costs, property costs, broadening the tax base, increasing public investment, developing skills training programs, supporting entrepreneurship, and improving access to bank and non-bank financing. Regaining competitiveness is vital for Ireland's economic growth and job creation.
Ireland needs to improve its competitiveness in key areas to continue prospering after the recession. The key elements that must be addressed are: reducing the cost of doing business through lower taxes and costs, maintaining macroeconomic stability and increasing public investment, developing skills and enterprise, and improving access to finance. Specifically, Ireland must make labor costs more competitive by reviewing taxes and social welfare, lower high energy costs, increase the supply of affordable housing and commercial properties, broaden its tax base, maintain a low corporate tax rate, and increase targeted public infrastructure investment.
The Ireland that works campaign maps out the key priorities for business in the next phase of the recovery and will form a central part of Ibec's activities to influence and shape the national debate.
With the Troika gone, Ireland has important decisions to make on how to build on the economic progress already made, tackle unemployment and drive growth across the economy. We need to get these right.
At Ibec we plan to lead the debate. We have identified five pressing issues on the national agenda that will have a major impact on Ireland’s success into the future:
1. We need to reduce the tax burden: Ireland is out of line internationally and our income tax rates, in particular, are too high. Irish consumers deserve a break.
2. We need better government: Poorly designed policy, legislation and regulation add to the cost of doing business and are an obstacle to growth and job creation.
3. We need to invest in the future: To meet our future economic needs, we need to spend much more on infrastructure projects and skills and education.
4. We need to extend Ireland’s global reach: International debates on tax and EU reform could have major implications for Ireland. We need to influence and shape the agenda.
5. We need to promote entrepreneurship: Business need to have access to effective enterprise supports, credit and export markets. Risk needs to be rewarded.
We hope the campaign priorities are relevant, challenging and resonant with your own ambitions for your business and for Ireland. Ibec will be rolling out more elements of the campaign over the coming weeks and months, and we'll keep you updated on our blog.
Download, share or embed this campaign brochure.
You can also join the conversation on twitter, #irelandworks @ibec_irl or on the Ibec Linkedin group.
Ireland Q3 update. Solid GDP growth, strong FDI flows, rising employment & strong export growth. Some of the reasons Ireland is a great place to do business. www.idaireland.com for further information.
HELM Corporation is an international tradeable services company established in 1990 that provides professional support for government initiatives. It initially worked in public finance areas and has since diversified into areas like public expenditure management, program/project management, ICT, and procurement. HELM has offices in Northern Ireland, the Republic of Ireland, and England. It has worked on projects in over 40 countries for organizations like the World Bank, UN, DFID, and European Commission. HELM's international work now accounts for 60% of its turnover and includes projects in countries like Bangladesh, Kosovo, Serbia, and Ethiopia. Working internationally has increased HELM's turnover and broadened its expertise and network of contacts.
Extracts from Why Ireland to Host your Digital Assets, Primary Research by 45...Host in Ireland
In association with GconnTec, 451 Research a global analyst and research company, have spent the past 3 months in Ireland. They fused their proprietary datasets with the knowledge from 58 local subject-matter analysts and scorecarded Ireland on the 9 critical factors companies use when selecting a geographic location for hosting digital assets.
Matheson is an Irish law firm with offices in Dublin, London, New York and Palo Alto. It has received several awards and commendations for its work, including Irish Transfer Pricing Firm of the Year in 2015. The document provides an overview and introduction to investing in Ireland, including why companies invest in Ireland, an overview of Ireland, available grants and fiscal incentives, how to establish a business in Ireland, relevant taxation, employment and other legal matters.
Matheson is an Irish law firm with offices in Dublin, London, New York and Palo Alto. It has received several awards and commendations for its work, including Irish Transfer Pricing Firm of the Year in 2015. The document provides an overview and introduction to investing in Ireland, including the country's competitive corporate tax rate, skilled labor force, membership in the EU, and incentives for research and development activities. It discusses Ireland's major industries and cities, economic growth, infrastructure, and the grants and fiscal incentives available to international companies through the Industrial Development Authority.
This document provides an overview and summary of Matheson, an Irish law firm, including:
- Matheson's offices and awards/rankings showing it is a top European law firm.
- A table of contents for a guide on investing in Ireland covering taxation, employment law, intellectual property, life sciences, and how Matheson can help clients.
- An introduction to the guide noting over 1,150 international companies have operations in Ireland across various sectors.
This document provides an overview and summary of establishing a business in Ireland. It discusses the types of companies available under Irish law, the incorporation process, and corporate governance requirements. Some key points:
- Private limited companies by shares are the most common structure for foreign investment. The new Companies Act 2014 introduces two types - a new "LTD" model and a designated activity company ("DAC").
- Incorporation takes 2-3 weeks on average but can be done in 5 days through an express scheme. Company names must not be identical to existing names and certain names require regulatory approval.
- Companies must have a minimum of one secretary and two directors, at least one of which must reside in the EEA
Enterprise Ireland supports Irish companies through financial and non-financial means such as planning, skills development, market access, and financing. Some key targets are growing Ireland's cleantech sector and improving sustainable development across client companies. Enterprise Ireland has a portfolio of almost 200 cleantech companies employing nearly 6,000 people and generating over €1.4 billion in sales, focusing on areas like energy efficiency, water treatment, and renewable energy.
This document summarizes a report analyzing why Ireland is a favored location for hosting digital assets in Europe. In 3 sentences: Ireland scores highly on factors like connectivity, a skilled workforce, tax benefits, renewable energy, and government support that make it an attractive location for technology companies. Many major tech companies have established operations in Ireland, taking advantage of its business-friendly environment and proximity to both European and American markets. The report analyzes Ireland's strengths in various categories and provides examples of large companies that have found success with their Irish locations.
The document summarizes the state of the Irish economy and the challenges it faces. It notes that Ireland is experiencing a deep recession with deteriorating public finances, a weakening labor market, and uncertainty in the banking system. Unemployment is rising significantly across many sectors. The outlook for 2009 predicts unemployment will continue rising and public finances and consumer spending will worsen further. Recovery in 2010 depends on international factors and stabilization of the housing market. Limerick faces particular vulnerabilities from its reliance on industries hit hardest by the downturn like construction and manufacturing.
10. Ireland Euro was successful for some years Increased European exports / imports Irelands Wage costs increased No choice to alter interests rates 85 Bn Bailout from IMF High interest Reduce Budget deficit to 3% in 4 years
11. Denmark Not joined the Euro Currency Highest standard’s of living 2007 entered it’s own recession Raised interest rates – pegged Krone to euro Euro rate falls -Danish exports more competitive 2010 Deficit above 3% cant join EMU
12. Social Partnership Wage Certainty Industrial Peace Wage Moderation Tax cuts and moderate wage increases Aiming to increase take home pay for lower income earners
18. Conclusions Premium existed due to Social Partnership Continued after Benchmarking Process Indirect and direct costs to business - Public services (e.g. health, transport) - Unsustainable costs to the exchequer - greater wage expectations by everyone - Wage competitive advantage against the private sector (Lane)
27. The Hunt Report In depth economic report on education system chaired by Dr. Colin Hunt Suggests abolishment of ‘Free Fees’ system Student loan system successful in Denmark Loan period over five years – encourages longer stay in higher education If loan not paid back within 15 years – payments voided....
28.
29. Money provided for building of new roadways and also airport and port facilities.
34. Conclusion Reform Irish fiscal policy Conservative wage setting Minimum wage applied to sector by sector (Deloitte) Innovation and R&D co-ordinated with private sector and third level institutions Sustainable funding for Higher level Education Cost/Benefit analysis of infrastructural projects Liberalisation of semi-state bodies (McCarthy) Costs of transport, energy, and waste increased by 5% in 2010
Editor's Notes
New roadways built throughout the country. Transport 21 developed to help promote competitiveness.In 2000, Denmark had worlds best airport. Cycling has huge role to play in Danish cities, helping to reduce traffic. Denmark scored 9/10 in terms of efficiency of transport infrastructure. Ireland scored 5/10.
Ireland always behind Denmark due to low penetration. Only when in 2009 National Broadband Scheme was launched did Ireland’s internet subscribers start to rise.
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