Sean Dorgan June 1007
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Transcript of Sean Dorgan June 1007
Welcome to Global Interdependence Centre
Abroad in Ireland
Sean DorganChief Executive
Ireland’s Economic Growth
012345678
1970-79 1980-87 1988-93 1994-2006
EU
US
Ireland
AverageAnnual% RealGDPGrowth
Source: OECD Economic Outlook
The Basis for Success
• Results from development decisions of earlier decades and from EU membership
• European Single Market and Eurozone• Social partnership and economic stability• Demographic gains and education• Low corporate tax – now 12.5% on profits• Foreign Direct Investment (FDI)• Performance of Irish management• Export focus and global orientation
% Population aged 25-34 having at least Third Level Education
05
101520253035404550
Source: OECD Education at a Glance 2002
Scientists and Engineers
www.skillsireland.ie
Business-friendly policies
• Young, vibrant and highly-skilled workforce• Consistent public policies, including low tax• Rapid responses e.g. skills development • Strong developmental focus nationally, with
strong, informal network links• Agility, creativity, flexibility and ‘can do’• Successful development of high-technology,
high-productivity, trade-based FDI
Employment shares in Inward Investors
0%
20%
40%60%
80%
100%high-tech
medium-tech
low -tech
Source: “Third Level Education, FDI and Economic Boom in Ireland” – Frank Barry, forthcoming in International Journal of Technology Management
IR1
FAB14
FAB24IR6
IR4
IR5
IR2 FAB10
Ireland Campus
5,500 Staff; $6bn+ invested in 4 wafer fabrication plants
FAB24-2
Other ICT Leaders5,500 staff: manufacturing and services center for Europe, Middle East and Africa (EMEA)
4000 staff: manufacturing; software; banking; e-business; technical support 3500 staff: software development; technical support; manufacturing; global e-procurement portal 1800 staff: EMEA operations; R&D; localization; internet hosting
The future will be different
• Globalisation, technology and digitisation• Changes in economic conditions • New business models and virtual companies –
new patterns of investment• New aspirations and expectations in society• Higher value activities and higher skills• More sophisticated and complex jobs• Premium on flexibility and responsiveness
R&D in Ireland• Strong Government commitment and funding, to
double both enterprise R&D and doctoral output by 2013
• Thriving internationally-recognised research• Science Foundation Ireland (on NSF model) is
attracting world-class researchers to universities• Strong industry - academic links • Notable developments with Bell Labs, GSK, IBM,
Intel, HP, Wyeth, Bristol-Myers Squibb and many other companies
• 50% of overseas medical technology companies have an R&D responsibility
Quality of Life
For further information – www.idaireland.com
Thank You
2 7 5 S ta ff
S ec tora l D iv is ions ,R eg ions & O verseas
E xecutive C om m ittee
C hie f E xecutive
I D A I r e la n dB o a r d (1 2 M e m b e r s)
F orfas(P o lic y A d vic e )
S c ience F ound ationIre land
(R e sea r c h F und ing )
E nterp r ise Ire land(S up p o r t fo r Ir ish -o w ne d
b us iness a nd tr a d e )
M in is te r fo r E nter p r ise ,T r a d e & E m p lo ym e nt
G o v e r nm e nt
The Irish mind.An abundant supply of that rare commodity you’ll need to bring your business to peak performance.
The Irish. Creative, imaginative and flexible. Agile minds with a unique capacity to initiate, and innovate, without being directed. Always thinking on their feet. Adapting and improving. Generating new knowledge and new ideas. Working together to find new ways of getting things done. Better and faster.
This flexible attitude pervades the ecosystem. Nowhere else will you find such close, frequently informal, links between enterprise, education and research facilities and a pro-business Government. Connected by a dynamic information structure. In Ireland, everything works together.