Private Sector Interaction in the Decision Making Processes of Public Research Policies

Good Essays
Topics: Research
Private Sector Interaction in the Decision Making Processes of Public Research Policies

Country Profile: Ireland

1.
Political, institutional and economic framework and important actors
After a period of remarkable economic growth, the Republic of Ireland has reached a level of
GDP per capita which exceeds European average. Ireland has become the second biggest high-technology exporter of Europe. But Ireland’s research intensity has remained at 1.20% of GDP in 2004, below EU average. In 2003, the business sector financed 59.1% of R&D expenditure (EU average: 54.3%). Ireland has an ‘open’ economy which is characterised by a high share of foreign direct investment and an external trade approximately equal to GNP.
Foreign sources account also for a considerable portion of R&D expenditure. Further characteristics which influence the National Science and Innovation System include a considerable disparity of the economic performance and structures of regions and the need to develop the innovation capacities of indigenous enterprises.

In 2004, one-third of foreign affiliates in Ireland (300 enterprises) were active in R&D. They accounted for two-thirds of all business R&D. Of these, 50% spent less than €500,000 annually.
Nineteen foreign affiliates spent more than €5 million annually and accounted for two- thirds of all R&D performed by foreign affiliates in Ireland. One-third of indigenous enterprises
(1,000 enterprises) had some expenditure on R&D, with 85% spending less than
€500,000 per annum. Only twenty six of the 1,000 indigenous enterprises had expenditure of more than €2 million annually1. A recent core policy document summarises the challenges which this situation constitutes:

“Ireland is vulnerable in the growth sectors of the knowledge economy as the R&D capability to underpin success in these sectors is not well developed in the public and private sectors. Sustainable economic growth will be dependent on the success of

You May Also Find These Documents Helpful

  • Better Essays

    Public and Private Sector

    • 5032 Words
    • 21 Pages

    “Private and public sector management differ only in context, but this difference is significant.” George Boyne in his article “Human resource management in the Public and private sectors: An empirical comparison” explains with empirical evidence how even though private and public sector management differs in service ethos but this difference is significant which impacts the tradition, culture and practises of both the sectors. Over the past two decades many different interpretations and perceptions…

    • 5032 Words
    • 21 Pages
    Better Essays
  • Good Essays

    Private and Public Sector

    • 1397 Words
    • 6 Pages

    7 CULTURAL DIFFERENCES BETWEEN THE PRIVATE AND PUBLIC SECTORS We often wish that there were more businessmen in government. That would be good for business and good for government. Yet the experience of those who are drafted into ministerial office from the business community is usually frustrating. The latest example is Digby Jones, former Director General of the Confederation of British Industry, which represents big business in the UK. In June 2007 he was appointed Minister of Trade by the…

    • 1397 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Policy-making processes

    • 605 Words
    • 3 Pages

    Policy-making processes in democratic countries are based on collective decisions. Although Arrow Theorem described an ideal model which has to comply with five certain assumptions, it nevertheless might be associated with real situations, when the problems of informational objectivity, impartiality, dictatorship, expertise, and consequent manipulation may arise. For instance, there wouldn’t be a possibility to take a reasonable objective decision if there is lack of information, but the additional…

    • 605 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    the public & private sector of tourism development * Public sector has an influence in tourism business. It is essential to outline the main policy instruments used by governments in order to manage tourism. * Public bodies influence tourism sector either directly, through organization with responsibility for tourism, which include: establishment of infrastructure, information services and creation of tourist attractions and facilities. Or, indirectly, through foreign policies and…

    • 273 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Subject name: Macro Economics. Assignment topic: “Private sector vs. Public sector” Submitted by: Zareen Rana 12-BS-S-82 Submitted to: Miss. Aysha Sarfraz Submission date: Private sector vs. public sector * Private sector: The part of the economy that is not state controlled, and is run by individuals and companies for profit. In most free-market economies, the private sector is the sector where most jobs are held. This differs from countries…

    • 982 Words
    • 4 Pages
    Powerful Essays
  • Best Essays

    New Economic PolicyFrom Wikipedia, the free encyclopediaJump to: navigation, search For the Malaysian New Economic Policy, see Malaysian New Economic Policy. Soviet Union This article is part of the series: Politics and government of the Soviet Union -------------------------------------------------------------------------------- Government[show]ConstitutionGovernment MinistriesState CommitteesExecutive OfficerCouncil of People 's CommissarsCouncil of MinistersCabinet of MinistersState…

    • 1995 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    PRIVATE SECTOR VS PUBLIC SECTOR ACCOUNTING STANDARD 1. INTRODUCTION The global financial crisis has demonstrated that the public sector as well as the private sector needs the highest quality accounting standards. Around the world, accounting in the public sector is practiced in diverse ways and struggles to achieve comparable standard in accountability and transparency. The Securities Act of 1933 gave the commission the authority to prescribe accounting standards to be followed by the companies…

    • 3826 Words
    • 16 Pages
    Powerful Essays
  • Powerful Essays

    Managing in the Public and Private sector Long Essay Alex Francis = 33353645 National Health Service Introduction History of NHS The NHS was born 65 years ago on the 5th of July 1948. It came from a long held idea from a man called Aneurin Bevan who was the minister of health in Britain at the time. He believed that health care should be widely accessible to anyone regardless their colour, condition and most importantly their wealth. The NHS has grown to be one of the world’s most publicly funded…

    • 2985 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Audit in private and public sector * Research problem Private companies have lack of confidence, since they are not sure for property of financial records. Procedures and numbers of company are not reviewed regularly. Most importantly, internal controls are getting poorer, and reliability of financial statements is not attaining progress. In addition, errors on tax payment are influencing the yearly activity of company. All these pitfalls happen as result of ignores of annual audit. Many…

    • 1173 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Parallels in Private and Public Sector Governance Anona Armstronga, Xinting Jiab and Vicky Totikidisc Centre for International Corporate Governance Research, Victoria University, PO Box 14428, Melbourne, VIC 8001, Australia a bc Private sector governance, i.e. governance in major listed companies, has caught much public attention in recent years due to the collapses of major corporations around the world. The result has been a plethora of standards for corporate governance in public and private companies…

    • 5256 Words
    • 22 Pages
    Powerful Essays