Ireland in 2004
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Case Details:
Case Code : ECOA117
Case Length : 18 Pages
Period : 2004
Organization : -
Pub Date : 2004
Teaching Note :Not Available
Countries : Ireland
Industry : -
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Excerpts
Background Note
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Early History
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 wave of Irish emigration to the US. In 1858, the Irish Republican Brotherhood was founded as a. secret society dedicated to armed rebellion against the British...
Economic Policies
In the 1980s, the Irish government pursued a cautious fiscal policy to ensure
compliance with the criteria for Economic and Monetary Union (EMU), prescribed
by the Maastricht Treaty.
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By lowering the annual budget deficit and the level of national debt, the government attempted to create a macro-economic climate favorable to foreign direct investment (FDI) and private sector growth...
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Industry
Irish industry accounted for 24 percent of the country's GDP, 80 percent of the value of annual exports and approximately 27 percent of employment. Ireland's indigenous manufacturing base was relatively small. Traditionally, industries such as food and beverages, textiles, paper, non-metallic minerals and machinery had dominated...
Foreign Trade
Ireland was far more dependent on the UK and the US for trade than its euro-zone
counterparts. |
When combined, the US and the UK accounted for 34.7 percent of Irish exports in 2001, compared with 39.8 percent in case of EU (excluding the UK)...
Excerpts Contd...>>
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