Global Economic Trends Ireland
Tallinn University of Technology
Tallinn School of Economics and Business Administration
Global Economic Trends
Individual Work:
“Ireland”
Professor: Ricardo Vicente
Student: Roksolana Sliusar
Tallinn 2014
Content
Introduction
1. General information about Ireland
2. Globalization in Ireland
2.1 General globalization information
2.2 Ireland Political Globalization
2.3 Ireland Social globalization
2.4 Ireland Economic Globalization
Conclusion
2
Introduction
When I was thinking about that I would like to write in individual work I checked a lot of information about different regions. But then Ireland attracted my attention. I found this country interesting because Ireland to mid-80s tried unsuccessfully to find ways to accelerate economic development. After joining the European Union in 1973, the country was for a long time one of the weakest in the composition of the Union, with a higher rate of inflation in Western Europe. Period to 1987 is characterized by the inability to find enough ways for developing the country. After the reforms of 1987, when the government decided to reduce budget expenditures in order to find ways of macroeconomic stabilization. Further development of the economy of Ireland is characterized by success. And nowadays according to KOF Index of Globalization in 2014 Ireland is the most globalized country in the world with globalization index 92,17.
The country has acquired a number of strong competitive advantages, which provided her status as one of the world 's great centers of innovation. Investments in technology and in training and attracting talent allowed Ireland to become in a short period of economic and technological outsider into a real "growth machine" - 5 years (from 1995-2000) Ireland 's GDP increased annually by 10%. Although growth rates fell after 2000, which is mainly due to external economic developments, this figure remained 5 times higher than in other developed countries of the EU.
Since 2003, we can observe a
Tallinn School of Economics and Business Administration
Global Economic Trends
Individual Work:
“Ireland”
Professor: Ricardo Vicente
Student: Roksolana Sliusar
Tallinn 2014
Content
Introduction
1. General information about Ireland
2. Globalization in Ireland
2.1 General globalization information
2.2 Ireland Political Globalization
2.3 Ireland Social globalization
2.4 Ireland Economic Globalization
Conclusion
2
Introduction
When I was thinking about that I would like to write in individual work I checked a lot of information about different regions. But then Ireland attracted my attention. I found this country interesting because Ireland to mid-80s tried unsuccessfully to find ways to accelerate economic development. After joining the European Union in 1973, the country was for a long time one of the weakest in the composition of the Union, with a higher rate of inflation in Western Europe. Period to 1987 is characterized by the inability to find enough ways for developing the country. After the reforms of 1987, when the government decided to reduce budget expenditures in order to find ways of macroeconomic stabilization. Further development of the economy of Ireland is characterized by success. And nowadays according to KOF Index of Globalization in 2014 Ireland is the most globalized country in the world with globalization index 92,17.
The country has acquired a number of strong competitive advantages, which provided her status as one of the world 's great centers of innovation. Investments in technology and in training and attracting talent allowed Ireland to become in a short period of economic and technological outsider into a real "growth machine" - 5 years (from 1995-2000) Ireland 's GDP increased annually by 10%. Although growth rates fell after 2000, which is mainly due to external economic developments, this figure remained 5 times higher than in other developed countries of the EU.
Since 2003, we can observe a