Understanding Irish Enterprise Policy and Development Challenges
Explore the initiatives and impacts of Irish enterprise policy, focusing on fostering capabilities, promoting exports, and balancing foreign investment with indigenous enterprise. Delve into the challenges and opportunities in Ireland's economic landscape, including property finance, capital formation, and job distribution across various sectors.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Irish Enterprise Policy: Upwards, Outwards, Onwards Se n Riain Department of Sociology Maynooth University
Enterprise Policy: What is it good for? Helping Firms to Export Fostering Organisational Capabilities in the Economy (and therefore Productivity) Firm Building Nurturing Complex Worlds of Production and Innovation Ecosystem Building Crowding Out Speculation and Rents Economy Building Fostering Capabilities in Society Society Building Growth in Export-Based Employment (DJEI data; after Barry and Bergin, 2016) 2009 to 2015 16,582 Irish Manufacturing Irish Services Foreign Manufacturing Foreign Services 19,120 14,034 -6,007
Irelands Enterprise and Development Challenges Foreign Investment Enterprise and Development Property-Finance Socio-Economic Model
Foreign Investment and Indigenous Enterprise Gross Value Added Per Employee 2014: Information and Communication Services Corporate Profits in Ireland 2015: Real Irish activity $58bn Real Foreign activity $10bn Profit shifting by Foreign firms (mainly US) $106bn 600,000 500,000 400,000 300,000 200,000 100,000 0 Torslov, Wier and Zucman (2018; Table 2) Persons Engaged in Ireland: Foreign Firms: 38,085 Irish Firms: 43,925
Beyond Property and Finance: Making Capital Work Beyond Property and Finance: Making Capital Work Investment (gross physical capital formation) 1995-2015 1995 16.0% 1.4% 37.6% 4.3% 23.1% 6.6% 5.3% 4.4% 16,480 2000 14.1% 13.0% 1.7% 34.8% 32.0% 4.1% 28.2% 34.8% 7.4% 2.8% 5.1% 30,334 50,326 31,447 2007 2010 16.7% 0.0% 17.9% 6.1% 44.3% 7.9% 1.9% 6.2% 2015 19.5% 0.2% 9.2% 1.8% 58.9% 5.6% 1.7% 3.1% 53,160 Manufacturing products Building and construction Market services - Dwellings Market services - Roads Other market services Non-market services Agriculture,forestry and fishing Fuel and power products Total Capital Formation 1.5% 4.8% 7.1% 2.6% 3.7%
2007 5.2% 13.5% 10.4% 2012 5.7% 12.7% 4.5% 2017 5.0% 12.7% 6.0% Agriculture, forestry and fishing (A) Industry (B to E) Construction (F) Wholesale and retail trade, repair of motor vehicles and motorcycles (G) Transportation and storage (H) European at Last? 14.9% 4.3% 14.7% 4.4% 13.8% 4.3% Accommodation and food service activities (I) Information and communication (J) 6.3% 3.9% 6.5% 5.2% 7.6% 5.2% Jobs in the Irish Model Financial, insurance and real estate activities (K,L) 4.9% 5.5% 4.8% Professional, scientific and technical activities (M) 5.7% 5.8% 6.1% Administrative and support service activities (N) Public administration and defence, compulsory social security (O) Education (P) Human health and social work activities (Q) Other NACE activities (R to U) Not stated Total Employment (000s) 4.6% 4.0% 4.2% 4.4% 6.2% 10.8% 4.7% 0.4% 2,233 4.6% 7.4% 13.6% 5.4% 0.2% 1,893 4.6% 7.5% 12.6% 5.4% 0.3% 2,231 > EU15 avg < EU15 avg
Irelands Enterprise and Development Opportunities Firm and Ecosystem Upgrading Enterprise and Development Linking Enterprise and Remaking Finance and Investment Social Projects
Enterprise Policy in Ireland Technology, Innovation and Learning SFI Research Firm and Ecosystem Development FDI and Venture Capital STEM Graduates Enterprise Ireland Supports for Making Winners Labour Capital
Moving Upwards, Outwards and Onwards Upwards: Improved Investment in Upgrading and Innovation Capital: Using public banks to drive productive investment Labour: Learning workplaces Learning and Innovation: Research programmes focused on indigenous firms Indigenous-proofing Enterprise Policy Outwards: Extending the Footprint of Enterprise Policy Capital: Local banks and patient investment and working capital Labour: Breaking the Low Learning Trap Learning and Innovation: Innovation pathways across educational institutions, agencies and sectors Regional Enterprise Policy Networks Onwards: Linking Enterprise and Social Development Driving and legitimating the development of the financial system, labour market and social provision looking beyond markets The value of organisational learning, even if exports don t grow Mission-Oriented Innovation? Big Bang or Ongoing Interaction E.g. sustainable construction; community care provision; learning pathways across institutions
