Ireland in 2004
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Case Code: ECOA117 Case Length: 18 Pages Period: 2004 Pub Date: 2004 Teaching Note: Not Available |
Price: Rs.300 Organization : - Industry : - Countries : Ireland Themes: - |
Abstract Case Intro 1 Excerpts
Excerpts
Background Note
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. 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...
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)...
Foreign Investments
Foreign private investment had been a major driver of Irish economic growth. In 2000, overseas companies located in Ireland accounted for 65% of manufacturing output. 47% of manufacturing employment and 82% of manufactured exports. Foreign firms in manufacturing generated about one-quarter of GDP...
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 most parts of continental Europe but were considered more flexible than a typical EU nation...
Future Outlook
Ireland had been highly successful in attracting foreign investments. Overseas companies continued to play a critical role in Irish economic development. Ireland had a good mix of high quality global businesses in various sectors...
Exhibits
Exhibit I: Fact Sheet
Exhibit II: Ireland: Macro Economic Indicators
Exhibit III: GDP growth: A Comparative Analysis
Exhibit IV: International Trade: Major Exports and Imports
Exhibit V: International Trade: Major Markets & Suppliers
Exhibit VI: General Government Receipts and Expenditure
Exhibit VII: Balance of Payments - Current Account
Exhibit VIII: Cost of International Calls: A Comparative Analysis
Exhibit IX: Cost of 64kbit/s Int'l Half Circuit (€): A Comparative Analysis USA
Exhibit X: International Industrial Electricity Prices: A Comparative Analysis
Exhibit XI: Cost of Water (per Cubic Meter) in $: A Comparative Analysis
Exhibit XII: Total Hourly Compensation Costs in (€), 2002: A Comparative Analysis
Exhibit XIII: Labor Hours and Wages: A Comparative Analysis
Exhibit XIV: Population by Age Group April 2002 (000's)
Exhibit XV: Future Workforce Availability: A Comparative Analysis
Exhibit XVI: Education as % of Total Public Expenditure: A Comparative Analysis
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