Ireland in 2005
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Case Code: ECOA134 Case Length: 17 Pages Period: - Pub Date: 2005 Teaching Note: Not Available |
Price: Rs.400 Organization : - Industry : - Countries : Ireland Themes: - |
Abstract Case Intro 1 Excerpts
Excerpts
Background Note
From 1800 to 1921, Ireland was an integral part of the UK. During the period 1846-48, the Irish economy was overshadowed by a severe economic depression. Mass famine spawned the first mass wave of Irish emigration to the US...
The Irish Model
Ireland's success had been attributed to many factors. One of Ireland's bigger attractions was a ready supply of skilled workers, including scientists, engineers and business-school graduates. As far back as the 1960s, the country had started investing heavily in both secondary and higher education...
The Economy
In the 1980s, the Irish government was strongly motivated to pursue a cautious fiscal policy to ensure compliance with the criteria for Economic and Monetary Union (EMU), prescribed by the Maastricht Treaty...
Foreign Investment
Attracting foreign private investment had been a top priority for the Irish government. Ireland had an impressive FDI machine, led by the IDA. Other agencies involved were Science Foundation Ireland, Forfas and Enterprise Ireland, which fostered indigenous industry...
Labor Markets
Compared to the US, there was greater government regulation of the workplace and labor relations in Ireland. Labor markets worked within a social framework, like in several other countries in continental Europe but were considered more flexible than a typical EU nation...
Politics
Most European countries had a centre-left (broadly socialist) party and a centre-right (broadly conservative or Christian Democrat) one, perhaps with some liberals in the middle, plus a green party and a few regional or fringe ones to add variety. Ireland did not conform to this model. The political differences between the two main parties, Fianna Fail and Fine Gael looked minor...
Society
In De Valera's time, the Catholic Church's power had been vast, and it lingered on into the 1980s. It was difficult to propose a law without winning the approval of the Catholic hierarchy. Divorce, abortion and most forms of birth control were in effect illegal. Irish society had also been deeply patriarchal...
Future Outlook
If the Irish miracle materialized so quickly, might it as suddenly vanish again? The country faced more intense competition than it did, often from lower-cost rivals that were becoming equally adept at attracting FDI, investing in education and encouraging indigenous industries...
Exhibits
Exhibit 1: Ireland
Exhibit 2: Fact Sheet
Exhibit 3: Economic Indicators
Exhibit 4: GDP per head as % of EU15 Average
Exhibit 5: Ireland - GDP & GNP Trends
Exhibit 6: Ireland - Fiscal Situation
Exhibit 7: Irish Politics
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