Arab Today, arab today ireland points the way on how to diversify an economy
Last Updated : GMT 04:12:22
Arab Today, arab today
Arab Today, arab today

Ireland points the way on how to diversify an economy

Arab Today, arab today

Arab Today, arab today Ireland points the way on how to diversify an economy

Dublin - Arabstoday

Given Ireland\'s recent bank bailouts and struggles with debt, it would probably rank low these days on any list of countries worthy of emulation. A textbook example of how to make a financial hub work Ireland has made major investments in financial services, and has attracted some of the biggest banks in the world. Its success stands as perhaps a textbook example of how to develop a financial hub. How to impress a client - have the PM speak on your behalf Ireland has put huge amounts of money and effort behind growing its small businesses. The government-led push has helped make thousands of homegrown companies successful and given them a lasting foothold in the global economy.Among Europe\'s elite for research Ireland has put considerable financial muscle behind raising its science and innovation profile in Europe, which has vaulted the small country into Europe\'s top leagues. read articleThe island country of 4.5 million people, however, has pursued a successful development strategy for decades. And Abu Dhabi has chosen Ireland as a guide for its Economic Vision 2030, a sweeping plan to diversify the emirate\'s economy and reduce its reliance on oil revenues.The attractions of the Irish experience are many.Since Ireland began to push its economy beyond agriculture a half century ago, it has lured in thousands of foreign businesses with the promise of whisper-thin corporate tax rates, an educated workforce and strong government support. Today the country is a European hub for technology companies including Google, Apple, Facebook, IBM and Microsoft and for pharmaceutical giants such as Pfizer, Abbott Laboratories and Boston Scientific as well as for many of the world\'s largest banks. Ireland has also invested heavily in small business development and in research and innovation.Over the past decade, it has put itself on the map in Europe\'s scientific community, funding nine centres for engineering and technology across the country.They in turn have brought in academics from some of the world\'s leading universities to work in Ireland.The country is not a cheap place to live and work, nor is it very large, but it has leveraged what it has to punch well above its weight. \"You talk to guys and you ask why is Google in Ireland? You look at the cost basis here and how can you compete?\" said John Boland, the director of Crann in Dublin, a science research institute partly funded by the government.\"I mean, Google in Bangalore is a hugely productive and hugely less expensive operation, but the reality is that Google in Ireland per head even including costs is much more productive than Google in Bangalore, and it has got to do with intangible issues of bringing together different cultures and generating ideas,\" said Mr Boland.The question now for Ireland is how to augment the success it has had over the years in the face of its most trying economic times in a generation. Job losses and government austerity have made that task harder, but the government so far is keeping to its commitment to helping local companies while attracting further foreign investment. \"In our current strategy horizon for 2020, we\'ve recognised that clean technology and renewable energy are probably sectors of the future, and we\'ve created a dedicated team to identify and win business in that area,\" said Kieran Donoghue, the head of financial services at the Industrial Development Agency, Ireland\'s main inward investment body. \"We\'ve recognised that the centre of gravity of the global economy is shifting to the emerging economies like Brazil, Russia, India and China, so we\'ve established a dedicated team focusing on that geography,\" he said. \"The strategy is continuously evolving. It\'s like rolling out a carpet, and as you roll it out in front of you it\'s rolling up behind you, but you\'re continuing to move forward.\" From / The National

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ireland points the way on how to diversify an economy Arab Today, arab today ireland points the way on how to diversify an economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ireland points the way on how to diversify an economy Arab Today, arab today ireland points the way on how to diversify an economy

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday