In the Middle Ages, alchemists searched for the philosopher’s stone to transmute or transform common metals to gold. However, despite failures, their work was the genesis of modern chemistry. Ireland will have failed twice — 2013 and 2020 — to meet innovation goals and with some help from our old friends the leprechauns, 3 significant global innovation rankings have given the country ranks of 10, 14 and 21 in the past year. However, the Irish Government is still at the level of the alchemists as any young knowledge economy startup that has international appeal and is funded by venture capital is inevitably acquired by a foreign company.
Friday, April 26, 2019
Sunday, April 21, 2019
Ireland has two economies: the foreign-owned exporting sector that has driven economic transformation and its underperforming indigenous counterpart which is vulnerable to Brexit. Ryanair — Europe’s biggest individual airline brand in 2018 carried 139m passengers — for example, has been a rare significant international success in recent decades. Ireland’s annual indigenous exports to the other 18 countries of the eurozone are less than €5bn or 20% despite currency stability, while 40% of food exports go to the UK.
Saturday, April 13, 2019
Irish median income in 2017, adjusted for price differences called PPS, was at 13th in Europe (EU28 + Switzerland , Norway and Iceland ) closely followed by the UK and Malta, according to data this year from Eurostat.
The median is the mid-point where half or 50% of a sample is above and 50% below.
Wednesday, April 10, 2019
Searches for "blame game" in Irish Google searches in 2007 as the property bubble was about to burst. A second spike was in November 2010 — when the Irish economy had to be supported by an international bailout.
Last month the Financial Times headlined a report ‘The British begin the Brexit blame game: PM and her ministers are already pointing the finger at EU for impending failure' and this week the Irish Times published an opinion piece ‘Internal British bloodletting is the biggest worry of the Brexit blame game’ from a former Irish ambassador to the UK — just a decade ago the politicians, civil servants and media cheerleaders, who brought the Irish economy to the brink of ruin for the second time in a generation, not surprisingly had played the same finger-pointing game.
Saturday, April 06, 2019
The FT’s 2019 annual list of the top 1,000 of Europe’s fastest-growing companies, was published by the Financial Times in March and this week INC. — the American entrepreneurship magazine — published its Inc. 5000 Europe list of the top 5,000 fastest-growing private companies in the region.
Ireland has one legitimate entry in the FT 1000.