Economy of the Republic of Ireland
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Economy of the Republic of Ireland Alena Alena
Economy of the Republic of IrelandThe economy of Ireland has transformed in recent years from an agricultural focus to a modern knowledge economy, focusing on services and high-tech industries and dependent on trade, industry and investment.
Economic growth in Ireland averaged a (relatively high) 10% from 1995– 2000, and 7% from 2001– 2004. Industry, which accounts for 46% of GDP, about 80% of exports, and 29% of the labour force, now takes the place of agriculture
as the country's leading sector.
Exports play a fundamental role in Ireland's growth, but the economy also benefits from the accompanying rise in consumer spending, construction, and business investment.
On paper, the country is the largest exporter of software-related goods and services in the world.[unreliable source?] In fact, a lot of foreign software, and sometimes music, is filtered through the country to avail of Ireland's non-taxing of royalties from copyrighted goods.[citation needed]
A key part of economic policy, since 1987, has been Social Partnership which is a neo-corporatist set of voluntary 'pay pacts' between the Government, employers and trades unions. These usually set agreed pay rises for three-year periods.
Ireland joined in launching the Euro currency system in January 1999 (leaving behind the Irish pound) along with eleven other EU nations. The 1995 to 2000 period of high economic growth led many to call the country the Celtic Tiger.
The economy felt the impact of the global economic slowdown in 2001, particularly in the high-tech export sector — the growth rate in that area was cut by nearly half. GDP growth continued to be relatively robust, with a rate of about 6% in 2001 and 200...
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Economy of the Republic of IrelandThe economy of Ireland has transformed in recent years from an agricultural focus to a modern knowledge economy, focusing on services and high-tech industries and dependent on trade, industry and investment.
Economic growth in Ireland averaged a (relatively high) 10% from 1995– 2000, and 7% from 2001– 2004. Industry, which accounts for 46% of GDP, about 80% of exports, and 29% of the labour force, now takes the place of agriculture
as the country's leading sector.
Exports play a fundamental role in Ireland's growth, but the economy also benefits from the accompanying rise in consumer spending, construction, and business investment.
On paper, the country is the largest exporter of software-related goods and services in the world.[unreliable source?] In fact, a lot of foreign software, and sometimes music, is filtered through the country to avail of Ireland's non-taxing of royalties from copyrighted goods.[citation needed]
A key part of economic policy, since 1987, has been Social Partnership which is a neo-corporatist set of voluntary 'pay pacts' between the Government, employers and trades unions. These usually set agreed pay rises for three-year periods.
Ireland joined in launching the Euro currency system in January 1999 (leaving behind the Irish pound) along with eleven other EU nations. The 1995 to 2000 period of high economic growth led many to call the country the Celtic Tiger.
The economy felt the impact of the global economic slowdown in 2001, particularly in the high-tech export sector — the growth rate in that area was cut by nearly half. GDP growth continued to be relatively robust, with a rate of about 6% in 2001 and 200...
Показать следующую страницу