Irelands Transformation By Paul Haran

IrelandIreland’’s s

TransformationTransformation

An InsightAn Insight

Paul Haran UCD Dublin Caribbean Council Nov. 2007

BackgroundBackground

Demographic Demographic

Political Political

Economic Economic


Demographic ContextDemographic ContextPopulation DeclinePopulation Decline

Migration TrendsMigration Trends

Birth RatesBirth Rates

Participation RatesParticipation Rates

Dependency RatioDependency Ratio

Population1841-2006

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

1841 1851 1861 1871 1881 1891 1901 1911 1921 1931 1941 1951 1961 1971 1981 1991 2001

Population


Political ProfilePolitical Profile

Political Legacy Political Legacy –– The Civil WarThe Civil War

Isolationism/SelfIsolationism/Self--Sufficiency Sufficiency

InternationalisationInternationalisation

EU MembershipEU Membership

IdentityIdentity


Economic ProfileEconomic Profile1970 GDP Per Capita 60% of EU Average1970 GDP Per Capita 60% of EU Average1987 Debt/GNP 130%1987 Debt/GNP 130%1987 U/E 17%1987 U/E 17%1987 LTU 12%1987 LTU 12%2007 GDP Per Capita 145% (22007 GDP Per Capita 145% (2ndnd))2007 Debt/GDP 25%2007 Debt/GDP 25%2007 U/E 4.5%2007 U/E 4.5%2007 LTU 1.4%2007 LTU 1.4%

GDP Growth Constant Prices

-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%

10.00%12.00%14.00%

1971

1974

1977

1980

1983

1986

1989

1992

1995

1998

2001

2004

2006

Year

GDP Growth

How?How?EU EU -- SovereigntySovereigntySocial PartnershipSocial PartnershipFiscal PolicyFiscal PolicyEducationEducationLabour MarketLabour MarketEconomic InfrastructureEconomic InfrastructureIndustrial DevelopmentIndustrial DevelopmentLeadershipLeadership

EU EU

19721972Single MarketSingle MarketRegulatory InfrastructureRegulatory InfrastructureCurrencyCurrencyLabour MarketLabour MarketShared ExperiencesShared ExperiencesPooled Sovereignty = Real SovereigntyPooled Sovereignty = Real SovereigntyFiscal TransfersFiscal Transfers


Social PartnershipSocial Partnership

National Economic Social CouncilNational Economic Social CouncilMembershipMembershipCrisis Crisis -- 19871987TrustTrustAnalysis of Issues/ProblemsAnalysis of Issues/ProblemsSocial Partnership AgreementsSocial Partnership Agreements


Fiscal PolicyFiscal Policy

ExpenditureExpenditureTaxationTaxation–– CompanyCompany–– PersonalPersonal–– ConsumptionConsumption–– CapitalCapital

National FinancesNational FinancesEMU RulesEMU Rules


EducationEducation

Societal AttitudeSocietal AttitudeBroad 2Broad 2ndnd LevelLevelEconomic Focus and ResponsivenessEconomic Focus and ResponsivenessAttainment LevelsAttainment LevelsFundingFunding33rdrd and 4and 4thth Level Level ResearchResearch


Labour MarketLabour Market

Participation RatesParticipation RatesGenderGenderMigrationMigrationProtectionsProtectionsLabour Relations MachineryLabour Relations Machinery


Economic InfrastructureEconomic Infrastructure

LegalLegal–– Company/Commercial LawCompany/Commercial Law–– Intellectual PropertyIntellectual Property

RegulatoryRegulatory–– Competition AuthorityCompetition Authority–– Monopoly RegulationMonopoly Regulation

Competitiveness CouncilCompetitiveness CouncilAgility/ResponsivenessAgility/Responsiveness


Industrial DevelopmentIndustrial Development

InstitutionsInstitutions–– FDIFDI–– Indigenous IndustryIndigenous Industry–– Sectoral Sectoral PoliciesPolicies–– Capital/GrantsCapital/Grants–– IncubationIncubation–– AdvisoryAdvisory–– Trade Missions/SupportTrade Missions/Support


LeadershipLeadership

Political Political Social CohesionSocial CohesionNational PrideNational PrideThe Public ServiceThe Public ServiceCitizensCitizens


Financial Services ExampleFinancial Services Example

Political LeadershipPolitical LeadershipClearing HouseClearing HouseEmpowered Public ServantsEmpowered Public ServantsFiscal SupportFiscal SupportTook a ChanceTook a ChanceLearnedLearned


TourismTourism

Infrastructure and PromotionInfrastructure and PromotionBranding DifferentiationBranding DifferentiationInvestment IncentivesInvestment IncentivesAccess/TransportAccess/TransportExpanding the ShouldersExpanding the ShouldersBroadening the Product RangeBroadening the Product RangePolicy CoherencePolicy Coherence


Irelands Transformation By Paul Haran

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