Global Economic Trends Ireland

Topics: Globalization, Republic of Ireland, Ireland Pages: 11 (3180 words) Published: December 11, 2014
Tallinn University of Technology
Tallinn School of Economics and Business Administration

Global Economic Trends
Individual Work:

Professor: Ricardo Vicente
Student: Roksolana Sliusar

Tallinn 2014

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


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 trend GDP growth. Financial crisis (2007-2008) greatly influenced economy of Ireland. Although economic growth returned from the start of 2010. I built my individual work mainly at the KOF Index of Globalization structure (by saying it I mean that I include three main dimensions of globalization that KOF Index use to determine globalization processes: economic, social and political) But for more better and deeper analysis of aspects and effects of global trends of Ireland a lot of additional materials had been used. Basically I describe different dimensions of social, political and economic spheres but in general I'm concentrated my attention on economic aspect.

Figure 1
Ireland [1]


General information about Ireland
Table 1 General
about Ireland [3]
D. Higgins
Ireland is an island in the North Atlantic President: Michael to the west of Great Britain, from which it is Taoiseach (Prime Minister): Enda Kenny (2011) separated by the North Channel, the Irish Sea, Land area: 26,598 sq mi (68,889 sq km); total and St Georges Channel, and after which it is area: 27,135 sq mi (70,280 sq km) the

island of
the British Population (2014 est.): 4,588,252 (growth rate:
Isles archipelago. It is the third-largest island 1.2%); birth rate: 15.18/1000; infant mortality in Europe and the twentieth-largest island on rate: 3.74/1000; life expectancy: 80.56 Earth.
Capital (2011 est.): Dublin, 1.121 million
Politically, Ireland is divided between Monetary unit: Euro (formerly Irish pound) the Republic of Ireland, which covers five National name: Éire sixths of the island, and Northern Ireland, a Languages: English, Irish (Gaelic) (both official) part of the United Kingdom, which covers the Ethnicity/race: Irish 84.5%, other white 9.8%, remaining area and is located in the north-east Asian 1.9%, black 1.4%, mixed and other 0.9%, of the island [2].

unspecified 1.6% (2011 est.)
Prehistoric Ireland saw the arrival of...
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